Four of HSBC Holdings Plc’s most senior bankers in the U.S. with about six decades of combined service are leaving the investment bank as part of an overhaul of its New York operations, Bloomberg reports.
Robert Gelnaw, head of debt capital markets for North America, Lex Malas, head of advisory and investment banking coverage for the Americas, Jim Kelly, head of corporate banking in North America, and Duncan Caird, co-head of real assets and structured finance Americas, are departing, according to people familiar with the matter, who asked not to be identified discussing a private matter.
Gelnaw and Kelly didn’t respond to requests for comment. Malas couldn’t be reached. Caird declined to comment.
Gelnaw had worked for the bank for more than 18 years helping develop its North American bond business, while Kelly had spent 16 years at the lender holding several senior leadership roles throughout that time, according to a memo sent Friday and seen by Bloomberg.
Caird joined HSBC more than 15 years ago and had been involved in building up the bank’s renewable financing and advisory business in the U.S.
Malas was the most recent joiner having worked for HSBC since 2010. He started as co-head of leveraged and acquisition finance for the Americas before going on to roles including head of capital financing and interim head of global banking Americas.
