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HSBC’s aims to boost market share in investment banking and rebalance towards Asia remain intact despite the resignation of one of its most senior lieutenants. But 2021 must be about execution, writes David Rothnie.

Amélie Darrort, co-head of the euro medium term note desk and head of French public sector debt capital markets at JP Morgan, will be relocating from London to Paris in the summer as part of a post-Brexit relocation, GlobalCapital understands.

François Marion has left his position as deputy chief executive of Crédit Agricole's corporate and investment bank, and the bank has reshuffled titles — giving new roles to Pierre Gay and Didier Gaffinel, among others.

Cancelling debt, dual interest rates, helicopter money: if the recovery from the coronavirus crisis stalls in the developed world, we will see calls for more radical central bank action.

Lucy Baldwin is joining Citi in April as head of research and equity advisory within the markets and securities services division (MSS).

A bond banker who had spent over 15 years at RBC Capital Markets has joined the Council of Europe Development Bank as a funding officer.

Growth stocks are overvalued relative to value stocks, according to Ben Inker, head of asset allocation at GMO. But in fixed income markets he is less convinced of a bubble, with central banks compressing yields.

A senior equity capital markets banker has left Barclays after more than a decade at the UK bank.

Charlie Berman, the bond market veteran, believes the platform he is developing, Agora, will not face competition from other fintech applications in the debt capital markets, due to its unique selling point of covering the entire lifecycle of a bond and the use of distributed ledger technology.

Governments have had little choice but to load up on debt to save their economies. With the crucial support of low interest rates and vast quantitative easing programmes, there is little immediate threat to debt sustainability. But as Jasper Cox reports, nothing lasts forever.

European left-wing politicians have called on the European Central Bank to cancel government bonds it has bought, to help countries suffering in the aftermath of the coronavirus crisis. But analysts believe this move would create a lot of political pain and little economic gain.

This year proved to be one of the most dramatic on record for corporate financiers as volumes rose from the ashes of the market sell-off. David Rothnie examines some of the themes that defined the year and looks ahead to 2021.