In the midst of a persistent slowdown in deal flow, HSBC has reportedly cut several bankers in Hong Kong.
At least four Hong Kong-based bankers have left HSBC, according to a «Bloomberg» report citing unnamed sources. This includes cuts in its Greater China commercial banking origination unit, which focuses on investment banking opportunities from mid-cap clients.
Separately, the bank has also seen the recent exit of global co-head of the financial institution group Eric Bai, who plans to start his own artificial intelligence venture. Fellow co-head Alexander Paul will become the sole leader of the group.
