HSBC Holdings Plc is disbanding a team of staffers that were focused on identifying and managing geopolitical risk even as the possibility of such threats has ratcheted up since US President Donald Trump returned to power.

The move will impact fewer than 10 roles across Asia, Europe and other regions, according to people familiar with the matter. Some of those staffers have been given the opportunity to apply for other jobs within the lender, they said, asking not to be identified discussing personnel information.

The London-headquartered firm is the world’s largest trade bank and an anchor of commerce between the Asia Pacific region and the rest of the world.

The firm’s geopolitical team was responsible for helping top HSBC managers identify risks in countries the company has a presence in, people familiar with the matter said. Some in the team also advised clients at times, they said.

“We continue to focus on supporting our clients as they navigate a complex and fast-moving international environment,” according to a statement from HSBC.

Fast-changing geopolitics have weighed on banks’ results in recent months. Investment-banking revenue at the five biggest Wall Street lenders is still almost 40 percent below the 2021 peak as that uncertainty weighed on merger and IPO volumes.  

Some rivals have sought to seize on the trend. JPMorgan Chase & Co debuted a Center for Geopolitics in May. Goldman Sachs Group Inc and Lazard Inc also offer clients advice on the topic.

READ MORE: HSBC expects revamp to cost $1.8 billion over two years

The disbanding of HSBC’s team is the latest change under Chief Executive Officer Georges Elhedery, who has been pushing through a sweeping overhaul of Europe’s largest lender ever since he took the reins last year in order to curb costs.