Assaf set to stand down at HSBC

HSBC_Alamy_230x150_20Nov2019
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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