John Deuschle has left HSBC Securities in New York where he was head of corporate bond sales. He will join Stephens Inc., a Little Rock, Ark.-based investment bank. Deuschle says his wife is originally from Little Rock, and he wanted to return there to raise his family. His eventual duties at Stephens have not yet been determined. Deuschle will not be replaced at HSBC, says an HSBC official. Pat McDonald, HSBC head of U.S. fixed-income sales, declined comment.