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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Hsbc Holdings Plc | LSE:HSBA | London | Ordinary Share | GB0005405286 | ORD $0.50 (UK REG) |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 7.20 | 1.03% | 706.40 | 707.10 | 707.30 | 708.00 | 700.60 | 700.80 | 92,424,711 | 16:35:17 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Offices-bank Holding Company | 65.91B | 23.53B | 1.2338 | 23.64 | 556.4B |
From May 2019 to May 2024
By Paul Clarke
Of Financial News
HSBC Holdings PLC has named a new head of investment banking for continental Europe as veteran dealmaker Hubert Preschez has stepped down from the U.K. lender.
Jean-Manuel Richier will take over as co-head of global banking and head of investment banking for continental Europe, according to an internal memo seen by Financial News. He currently leads HSBC's business in Switzerland and will take his new position alongside Frederic Coutant, overseeing its investment bank in France, Benelux and other key European locations at a time when HSBC is refocusing its investment bank on its main markets of Asia, U.K. and the Middle East.
Mr. Richier will lead HSBC's investment-banking business in continental Europe, with Mr. Coutant maintaining responsibility for its corporate bank, the memo added.
Mr. Richier joined HSBC in 2013, and was promoted to chief executive officer of its Swiss operations two years later. He was previously co-head of investment banking for France at Citigroup Inc. and has also led the financing group for Goldman Sachs Group Inc. in France and Belgium.
The changes are the latest at the top of HSBC's investment-banking unit, with long-serving executive Philippe Henry set to step down after 32 years at the bank.
The bank has hired Wells Fargo & Co. executive, Lisa McGeough, as head of global banking for Europe to replace Mr. Henry, Financial News reported on April 22. One of the most senior female bankers in the City--who has previously featured on the FN 100 most influential women in Europe list--she will start at HSBC in June, reporting to global banking and markets co-head, Greg Guyett, and HSBC's European CEO, Colin Bell.
HSBC is pivoting its business toward Asia, with Mr. Guyett set to relocate from London to Hong Kong later this year alongside Nuno Matos, chief executive of wealth and personal banking, Barry O'Byrne, chief executive of global commercial banking, and Nicolas Moreau, its head of asset management.
Meanwhile, James Horsburgh, who has been leading HSBC's leveraged and acquisition-finance business in Asia-Pacific for the past four years, has been named as a managing director within its advisory and investment-bank coverage unit for the U.K. and International Europe.
Website: www.fnlondon.com
(END) Dow Jones Newswires
April 26, 2021 08:34 ET (12:34 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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