Chris Jones, who was in 2004 already a high-flying Deutsche Bank MTNs head, joined HSBC in June of that year as its first global head of euro medium term notes and structured debt.
Market participants praised Jones for identifying the opportunities for using HSBCs local franchise to develop the banks reach. "He saw the future of private placements," says one peer. "He spotted where it was going ahead of other people," says another.
He worked on developing the banks local currency business alongside its MTNs business, taking on the job of head of local currency syndicate alongside his MTNs responsibilities, before moving to concentrate full time on local currency syndicate."Local currency syndicate is a key focus for us and has been gelling around Chris for the last year," Jean-Marc Mercier, global head of debt syndicate, told EuroWeek in February. Recent deals he has worked on include KfWs debut dim sum deal in May, which was the largest ever dim sum trade from a non-Asian issuer, and a bond for Pemex that marked the first Latin American corporate borrower to print in Australian dollars.