HSBC's incoming CEO, Georges Elhedery, is contemplating significant changes to the bank's management structure, including a potential reduction in the number of country heads and layers of middle management. This move is part of a broader strategy to streamline operations, similar to recent initiatives by competitors Citigroup and Standard Chartered. The bank is also undergoing a leadership overhaul, highlighted by the resignation of Nuno Matos, CEO of Wealth and Personal Banking, who is leaving to pursue other opportunities. These changes come as Elhedery prepares to officially take over as CEO in the coming days.