Sonja Hutson Good morning from the Financial Times. Today is Wednesday, October 23rd and this is your FT News Briefing. Jobs are on the chopping block at another Big Four firm and HSBC is reshuffling its business. Plus, South Korea is accusing Russia of sending North Korean soldiers to fight in Ukraine.

By Selena Li, Lawrence White and Sinead Cruise HONG KONG/LONDON (Reuters) -HSBC Holdings merged some operations and split its geographic footprint into East and West in a sweeping restructuring under new CEO Georges Elhedery that includes the appointment of the bank's first female finance chief.

HSBC has announced the appointment of its first female finance chief in the bank's 159-year history as its new boss shakes up the business. Pam Kaur has worked at the bank for more than a decade and is currently its chief risk and compliance officer.

Europe ’s biggest bank has unveiled an overhaul of its global structure in a shakeup to reduce costs. The new boss of HSBC Georges Elhedery has announced the changes to home in on the bank’s strongest divisions. The bank said it was simplifying by splitting up into four key units, and geographically into East and West.

HSBC’s overhaul will see the bank split into four separate units under the control of two distinct Eastern and Western markets divisions, new CEO Georges Elhedery said