Michael Makdad

Michael Makdad

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Michael Makdad is a Senior Equity Analyst at Morningstar, known for his insights into financial markets and banking sectors. Recently, he commented on HSBC's restructuring efforts under CEO Georges Elhedery, noting the positive impact of planned personnel expense reductions while also highlighting the need for detailed coordination in increasing the bank's efficiency.

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Michael Makdad, a Senior Equity Analyst at Morningstar, commented on HSBC's plans to trim personnel expenses.

HSBC to save $1.8 billion over two years under new CEO
CNN·United StatesUnited States· 2025-02-19
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Georges Elhedery
Georges Elhedery