Southpaw: Time for HSBC to step up in investment banking
With Stuart Gulliver moving up to be HSBC’s chief executive, he leaves a hand-crafted global banking and markets division that has enjoyed considerable success during the credit crisis. But with rivals stepping up their efforts and an uplift in M&A and equities expected next year, has he left the right structure behind that can build on that success? David Rothnie reports.
Despite boardroom upheaval that preceded HSBCs announcement of Stuart Gulliver as the banks new chief executive last week, few would argue against his appointment.Gulliver has been rehearsing the role since November last year, when he was handed responsibility for all of HSBCs operations in Europe, the Middle East ...
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