HSBC shakes up under-pressure global banking business

FILE PHOTO: The HSBC bank logo is seen in the Canary Wharf financial district in London, Britain, March 3, 2016. REUTERS/Reinhard Krause/File Photo

Under Guyett, who took on responsibility for the business in February, HSBC has appointed Patrick Nolan, vice chairman of global banking, to global head of corporate banking, following a turbulent period for HSBC’s investment banking business. Hugo Heath moves to the vice chairman role, while Peter Enns and Matthew Wallace become global co-heads of corporate finance coverage, overseeing HSBC’s teams of sector coverage bankers, an internal memo seen by Reuters on Tuesday showed.

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