HSBC seeks stability after Westerman is ousted

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.

  • By David Rothnie, Toby Fildes
  • 23 Nov 2017
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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All International Bonds

Rank Lead Manager Amount $m No of issues Share %
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1 Citi 165,175.88 645 7.88%
2 JPMorgan 156,487.83 676 7.46%
3 Bank of America Merrill Lynch 152,294.90 499 7.26%
4 Barclays 132,291.23 454 6.31%
5 HSBC 113,665.79 526 5.42%

Bookrunners of All Syndicated Loans EMEA

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1 JPMorgan 26,573.45 32 9.73%
2 Citi 16,837.08 38 6.17%
3 SG Corporate & Investment Banking 15,661.30 47 5.73%
4 Deutsche Bank 14,193.64 44 5.20%
5 Bank of America Merrill Lynch 13,028.84 31 4.77%

Bookrunners of all EMEA ECM Issuance

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1 Goldman Sachs 6,961.44 31 9.14%
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3 UBS 5,503.59 15 7.22%
4 Citi 5,145.98 30 6.75%
5 Deutsche Bank 4,303.27 25 5.65%