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Exclusive: HSBC's global equities boss Hossein Zaimi to leave bank

Published 07/17/2020, 07:39 AM
Updated 07/17/2020, 07:40 AM
© Reuters. FILE PHOTO: HSBC logo is seen on a branch bank in the financial district in New York
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By Sinead Cruise and Sumeet Chatterjee

LONDON/HONG KONG (Reuters) - HSBC's (L:HSBA) global equities chief Hossein Zaimi is leaving the bank, sources said on Friday, in the latest revamp of the lender's embattled investment banking operations.

Hong-Kong-based Zaimi, who has worked at HSBC for more than 16 years, only took up a supplementary position as co-global head of securities financing in March, shortly after the bank unveiled a new strategy to shrink its Global Banking & Markets division and cull thousands of jobs.

© Reuters. FILE PHOTO: HSBC logo is seen on a branch bank in the financial district in New York

Zaimi could not immediately be reached for comment. A spokesman for HSBC declined to comment.

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