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P&M Notebook: Gabi gone as HSBC looks east

HSBC_Canary_Wharf_Alamy_1Mar21_575
By Ralph Sinclair
01 Mar 2021

Two UK institutions caught Notebook's eye this week. One, NatWest Markets, has promoted a corporate debt banker and is on a path to sustained growth. The other, HSBC, is looking to Asia and the Middle East for expansion as one of the longest serving bankers in the SSA market prepares to leave the firm.

Fred Gabizon is leaving HSBC after 35 years at the end of March. Most recently he was head of European public sector DCM and head of France and Belgium DCM. But in a storied career has also worked in M&A and structured finance.

His departure comes as the bank reshuffles its SSA business.

Jerome Pellet will be head of corporate and public sector DCM origination for France, reporting to Adam Bothamley, the bank's global co-head of DCM and Frédéric Coutant, who is co-head of global banking for continental Europe.

Meanwhile, Asif Sherani, who has been running the bank’s debt syndicate for EMEA, will oversee SSA DCM.

The moves come as the bank's global banking and markets division revealed plans to beef up in Asia and the Middle East. It made the announcement last Tuesday alongside its fourth quarter 2020 results.

At NatWest Markets, Carla Floyd has been promoted to head of debt and financing solutions — a new job running debt capital market origination for corporate clients.

Floyd was head of UK corporates and specialised sectors, within NatWest’s corporate financing and risk solutions. 

Her new job stems from NatWest Markets’ CEO, Robert Begbie’s, reorganisation of the business. 

Begbie's rein at NatWest Markets is the subject of Southpaw this week, which examines how he has put the firm on a footing for sustainable growth.

Somewhat less sustainable, it appears however, was Jana Hecker's position as global head of equity syndicate and equity capital markets at UniCredit after the Financial Times revealed she had been doing some work on the side for Markus Braun, boss of fallen payments company Wirecard, while she was working for Deutsche Bank.

By Ralph Sinclair
01 Mar 2021