Trading Places: HSBC’s big shake-up, BofA reshuffles M&A, a brutal bonus season

HSBC has named a number of new senior leaders in Europe, the US and the Middle East as the lender looks set to refocus its growth strategy on Asia.

Nuno Matos has been appointed head of its European business, as chief executive of wealth and personal banking. Colin Bell, the bank’s group chief compliance officer, will take over from Matos as CEO of HSBC Europe and its UK ring-fenced bank HSBC Bank Plc. Kirsty Everett has assumed the role of interim group chief compliance officer.

READHSBC shakes up regional bosses amid push to Asia

The bank has also installed new management of its European debt capital markets business following the announcement that one of its senior dealmakers in France, Frédéric Gabizon, is stepping down after over 35 years at HSBC.

Gabizon, head of European public sector and head of DCM for France and Belgium, is leaving the bank at the end of March, according to an internal memo seen by FN. The lender named Jerome Pellet as head of corporate and public sector DCM origination for France from 1 April, leading the bank’s team in the country.

READHSBC overhauls debt capital markets as Gabizon exits after 35 years

Former HSBC group chief operations officer, Andy Maguire, has joined regulatory technology firm Napier as an adviser to its board. Maguire was a senior partner at Boston Consulting Group, and chaired its global banking team since mid-2020.

Bank of America has rejigged the management team of its mergers and acquisitions business in Europe, with Birger Berendes named co-head of M&A for Europe, the Middle East and Africa along with Eamon Brabazon, according to a memo seen by Financial News.

Luca Ferrari, who headed up the M&A team alongside Brabazon since 2016, will become chairman of Emea M&A.

READBank of America names Berendes, Brabazon new M&A leaders in Europe
Elsewhere in investment banking, BNP Paribas has hired Panos Metsis as a managing director in its London team. He will focus on telecoms clients, and joins from independent corporate finance firm Akira Partners. Metsis is the second senior hire at the French bank in the past month, following on from former JPMorgan banker Kirshlen Moody earlier in February.

READCity watchdog beefs up exec team for post Brexit leadership

As part of a restructuring, the markets watchdog, the FCA, has created two new roles. Jessica Rusu is to join the regulator as its first chief data, information and intelligence officer, and  Emily Shepperd will assume the role of executive director of authorisations.

Stephanie Cohen will become the FCA’s new chief operating officer, she replaces Georgina Philippou, who had been in that role since November 2015.

READFormer Fidessa chair joins PwC spin-out

John Hamer, former chief executive and chairman of trading software firm Fidessa, has joined LikeZero as the fintech company’s new chair.

LikeZero was sold by accountancy firm PwC in November amid increasing regulatory scrutiny on conflicts of interests within the sector, the company automates regulatory risk analysis for around 10 of the City’s largest finance firms.

And bonus season has just about wrapped up. It’s been a brutal payment round for many bankers, though there have been some bright spots.

To contact the author of this story with feedback or news, email William Canny