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HSBC promotes Richier because the main funding financial institution in continental Europe after the departure of Preschez

HSBC has appointed a brand new head of funding banking for continental Europe as longtime dealmaker Hubert Preschez retired from the UK lender.

Jean-Manuel Rigier will grow to be Co-Head of International Banking and Head of Funding Banking for Continental Europe, in response to an inner memorandum he learn Monetary information… He at present leads HSBC’s enterprise in Switzerland and can tackle his new place alongside Frederic Coutant, overseeing his funding financial institution in France, the Benelux international locations and different key European international locations as HSBC is reorienting its funding financial institution to its core markets in Asia. UK and different international locations. Center East.

Richier will lead HSBC’s funding banking enterprise in continental Europe, whereas Coutane will retain accountability for his company financial institution, the memo mentioned.

Richier joined HSBC in 2013 and two years later was appointed CEO of Switzerland. Beforehand, he was Co-Head of Funding Banking France at Citigroup and likewise led the Goldman Sachs finance group in France and Belgium.

READ HSBC relocates senior Horsburg banker from Asia to give attention to UK offers

The adjustments are the newest within the management of HSBC’s funding banking division, with longtime CEO Philippe Henri set to retire after 32 years on the financial institution.

The financial institution employed Wells Fargo CEO Lisa McGeough as Head of International Banking Europe to interchange Henry. Monetary information reported April 22. One of many metropolis’s highest-ranking ladies bankers, who was beforehand ranked among the many 100 Most Highly effective Ladies in Europe, she’s going to be a part of HSBC in June, reporting to International Banking and Markets Co-Head Greg Guyette and HSBC CEO Europe. , Colin Bell.

HSBC is concentrating on its enterprise in Asia: Guyette is about to maneuver from London to Hong Kong later this 12 months with Nuno Matos, CEO of Wealth and Private Banking, Barry O’Bearne, CEO of International Industrial Banking, and Nicholas Moreau, its CEO. … asset administration.

Within the meantime, James Horsburg, who has led HSBC’s Asia-Pacific debt and acquisition finance enterprise for the previous 4 years, has been named Managing Director of Consulting and Funding Banking within the UK and overseas.

To contact the creator of this story with suggestions or information, e mail Paul Clarke.

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