The announcement came ahead of a presentation to investors and analysts by Chief Executive Stuart Gulliver who will give more detail on his second major strategic plan since he took the charge in 2011.

The new strategy, which involves shrinking the global banking and markets division to less than one third of HSBC's USD 2.6 billion balance sheet from its current level of around 40 percent, marks a significant shift for the lender.

HSBC also set its new target for return on equity at greater than 10 percent by 2017, down from its previous target of 12-15 percent by 2016.

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