HSBC has installed new leaders in its European debt capital markets business as one of its senior dealmakers in France steps down after more than 35 years at the bank.
Frédéric Gabizon, head of European public sector and head of DCM for France and Belgium at HSBC is stepping down at the end of March, according to an internal memo seen by Financial News. He has held numerous senior roles across M&A, structured finance and debt capital markets during a 35 year career at the bank.
HSBC named Jerome Pellet as head of corporate and public sector DCM origination for France from 1 April, the memo added, leading the bank’s team in the country. He joined the UK lender in 1999 and will report into Adam Bothamley, global co-head of DCM at HSBC and Frederic Coutant, co-head of global banking at HSBC’s European entity.
Asif Sherani, who leads HSBC’s DCM syndicate team for Europe, the Middle East and Africa will taken on extra responsibility for high grade sovereign, supranational and agencies (SSA) clients in the region, the memo added.
Gabizon’s departure is the latest senior exit from HSBC’s investment bank as it continues to reshape its business. Philippe Henry, its head of global banking for Europe, is retiring from the firm after 32 years, it emerged in February. His departure follows that of Peter Enns, Hong Kong-based co-head of advisory and investment banking coverage at HSBC, who left earlier this year to join insurer Chubb as its chief financial officer.
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