In a world of inflated titles and regional specialities dressed up as international franchises, HSBCs global debt capital markets business is just that global.
Ten years ago, what was once the Hongkong and Shanghai Banking Corp might have been seen as Asia-biased, and not a top rank DCM player. Nowadays, while Asia remains a core market, the bank is equally at home in Latin America, Europe and the Middle East, emerging or developed markets, across all key products.
With his predecessor Spencer Lake, Pascoe has been at the forefront of building one of only a handful of genuinely global DCM businesses. "Thats Bryans vision," says a colleague. "He sees the marketplace as global and our coverage reflects that. Temasek in sterling, Petrobras in euros, América Móvil in multi-currencies. Meanwhile, were number one in euro corporates. That is the modern day global business."Pascoe cut his DCM teeth in Hong Kong with Morgan Stanley in the early 1990s. He joined HSBC in 1996 and became head of Asia debt syndicate in 2000. Pascoe arrived in London in late 2005 as global head of syndicate. At the beginning of 2011, when Spencer Lake became co-head of global markets alongside Jose-Luis Guerrero, Pascoe stepped up to replace him.