Southpaw

  • HSBC wants to take mid-market push beyond UK

    HSBC wants to take mid-market push beyond UK

    HSBC might be in the middle of a big restructuring, but that isn’t stopping plans to develop mid-market M&A efforts in France, Germany and Asia as well as the UK, writes David Rothnie. The bank has also bolstered its teams covering specific sectors.

  • Okuda starts efficiency drive at Nomura

    Okuda starts efficiency drive at Nomura

    Nomura has cut jobs in its investment banking business in Europe over the summer, following losses in leveraged finance, as its new chief executive eyes up other regions for growth, writes David Rothnie.

  • Pandemic threatens M&A pipeline

    Pandemic threatens M&A pipeline

    The coronavirus will depress mergers and acquisitions activity, hurt advisory revenues and change the emphasis of deal-making in 2020, writes David Rothnie.

  • HSBC’s restructuring: is it enough though?

    HSBC’s restructuring: is it enough though?

    HSBC’s corporate finance staff have survived its restructuring largely unscathed, but the more ambitious among them will see the bank’s plans as a missed opportunity, writes David Rothnie. And with no answer yet on the identity of the next full-time CEO, the uncertainty is not over.

  • Assaf retirement rings GBM restructuring bell

    Assaf retirement rings GBM restructuring bell

    The retirement of Samir Assaf, HSBC’s long-serving head of global banking and markets (GBM), paves the way for a long overdue restructuring of that division. This will test the bank’s new-look management team.

  • HSBC’s Tucker and Stevenson ramp up the pressure

    HSBC’s Tucker and Stevenson ramp up the pressure

    HSBC’s chief executive was dislodged by the force of the challenges facing the bank. Now, its global markets division is under pressure as senior management continues with reform, writes David Rothnie.

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