HSBC set to replace investment banking chief

 

HSBC is planning to replace the long-serving head of its investment bank ahead of a big restructuring that will result in large-scale job losses at the unit he has led for almost a decade.

Samir Assaf, head of global banking and markets, is expected to be moved to a non-executive role at the division as part of a series of changes to the group’s management team as interim chief executive Noel Quinn makes his mark on the bank, according to people briefed on the matter.

 

Via FT