HSBC seeks stability after Westerman is ousted

HSBC 2
By David Rothnie, Toby Fildes
23 Nov 2017

HSBC is looking for a period of stability in which to rebuild staff morale and dealflow, following the abrupt departure of co-head of global banking Matthew Westerman after less than two years. David Rothnie and Toby Fildes report.

Samir Assaf, chief executive of the global banking and markets division, announced Westerman’s departure in a memo to staff on Thursday. Robin Phillips, the other co-head of global banking, will run the group, though it is not clear whether this will be a permanent arrangement. The departure of ...

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