Exclusive: HSBC to axe senior managers in strategy shift - sources

HONG KONG/LONDON (Reuters) - HSBC is set to unveil a new round of job cuts targeting senior international managers and reduce its presence in some smaller markets as part of a wider strategy overhaul, people with knowledge of the matter told Reuters.The changes are expected to be part of a strategy update interim Chief Executive Noel Quinn will unveil on Feb. 18 with a view to boosting the profitability of Europe's biggest bank by assets in a tough operating environment, the people said.Quinn's..