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The Guardian - UK
The Guardian - UK
Business
Julia Kollewe

HSBC ‘reviewing’ private school perk for bankers in Hong Kong

HSBC Hong Kong Georges Elhedery Hang Seng
an HSBC bank branch near its main HQ in Hong Kong
HSBC’s staff in Hong Kong at mid and top level are entitled to a subsidy that covers 95% of annual school fees. Photograph: Peter Parks/AFP/Getty Images

HSBC is reportedly reviewing a perk that covers school fees for bankers in Hong Kong as part of a big overhaul of the bank under its chief executive, Georges Elhedery.

Europe’s largest bank is considering whether to scrap the perk for new employees or make changes to total compensation, Bloomberg News reported. No decisions have been made yet.

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