HSBC Revamps U.S. Investment Bank as Senior Executives Exit
- Debt capital market head for North America among those leaving
- Bank is restructuring its global strategy to focus on Asia
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Four of HSBC Holdings Plc’s most senior bankers in the U.S. with about six decades of combined service are leaving the investment bank as part of an overhaul of its New York operations.
Robert Gelnaw, head of debt capital markets for North America, Lex Malas, head of advisory and investment banking coverage for the Americas, Jim Kelly, head of corporate banking in North America, and Duncan Caird, co-head of real assets and structured finance Americas, are departing, according to people familiar with the matter, who asked not to be identified discussing a private matter.