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HSBC’s Global Marketing Head Explains Review Decision

new york HSBC Group global marketing chief Peter Stringham has been mulling a worldwide review since early 2002, when he realized that HSBC used hundreds of below-the-line shops. “We just gave up [counting] at about 200,” Stringham said. Another factor in HSBC’s decision last week to review its estimated $600 million global marketing account was WPP’s purchase last summer of HSBC roster shop Bates, Stringham said. After the deal, WPP folded most of Bates into other WPP shops, thereby turning one shop into three: J.

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