Finance

Trading Places: Macquarie loses investment bank co-head, HSBC hires vice chair

This week saw high-profile moves at Macquarie and HSBC in London, with plenty of changes on Wall Street also worth keeping an eye on.

Daniel Wong, the London-based co-head of Macquarie’s investment bank, is stepping down after 22 years with the firm. The Australian lender said he’s going to pursue opportunities outside Macquarie, while he said on LinkedIn that he’ll announce his new post in due course.

Wong worked at Macquarie his entire career, starting in 1999 as an analyst. He became head of Macquarie Capital in 2019 after holding numerous senior roles for the bank’s European operations.

Evercore, the boutique Wall Street bank founded by Roger Altman, is naming John Weinberg as its sole chief executive. Ralph Schlosstein, who has held the job since 2009 and shared it for the past year with Weinberg, will step down in February.

Weinberg, 64, is Wall Street royalty. His grandfather and father ran Goldman Sachs for the better part of six decades. His cousin, Peter Weinberg, is a former senior executive at Goldman and now runs investment bank Perella Weinberg Partners.

HSBC hired a senior lawyer from Linklaters to help win business across a range of products, including lucrative M&A deals. Sarah Wiggins is set to join as a vice chair within its global banking business, according to a memo seen by Financial News. She will report to co-head of global banking and markets, Greg Guyett, starting in the first quarter of next year.

Andy Maguire, HSBC’s former chief operations officer, is joining compliance firm Napier as its chair. He has over 30 years’ experience in the international finance sector and is also currently chair of the BCG Banking Practice, Thought Machine, and a board member at AIB.

HSBC also hired Anjuli Pandit as head of sustainable bonds for Europe and the Americas. She joins from BNP Paribas as large investment banks increasingly jostle for ESG and clean energy transition expertise.

Finally, the HSBC Asset Management appointed Christine Chow as head of stewardship and engagement. She joined on 1 October and reports to Stuart Kirk, global head of responsible investing and research.

To contact the author of this story with feedback or news, email Brian Swint

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