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

By Sinead Cruise and Sumeet Chatterjee

LONDON/HONG KONG (Reuters) – HSBC’s 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.

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

(Reporting by Sinead Cruise in London and Sumeet Chatterjee in Hong Kong, editing by Karin Strohecker in London)