Assaf set to stand down at HSBC

By David Rothnie
20 Nov 2019

Samir Assaf is to step down as chief executive of HSBC’s global banking and markets (GBM) business in the New Year, as a prelude to a restructuring of the division.

Assaf has run the division for almost a decade, making him the longest serving head of an investment banking division.

The 59-year-old’s move forms part of rapid changes at HSBC, as interim CEO Noel Quinn, chief financial officer Ewen Stevenson and chairman Mark Tucker are accelerating the ...

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