In August, the bank posted a 28 per cent fall in first-half pretax profit to $10.2 billion as it took a $14 billion hit from bad debts on US home loans and asset writedowns.
In its global banking and markets business, pretax profit fell 35 per cent in the first half to $2.1 billion, although that was a 37 per cent increase from the second half of 2007.
"There is no change in strategy at Global Banking and Markets, which is to be a leading emerging markets-led and financing-focused wholesale bank," Hewett said.
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