HSBC Nabs JP Morgan Debt Banker

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HSBC, the investment bank, has hired Michael McGovern, formerly with JP Morgan, as managing director and head of syndicated finance for the Americas.

McGovern will coordinate HSBC's syndicated finance capacities and infrastructure in the Americas. He joins from JP Morgan where he was a managing director in leveraged and syndicated finance.

James Brucia, co-head of financing for the Americas within global investment banking, will oversee McGovern in New York along with global head of syndicated finance, Richard Cartledge.

McGovern's previous positions at JP Morgan include head of corporate finance in the consumer and healthcare investment banking coverage group, and head of US origination in the global syndicated finance group.

HSBC has been building up its debt team in the last few months. In May, the bank hired Michael Waters and Daniel Mohen within the debt finance unit as head of U.S. financial institutions coverage and senior coverage officer, respectively. At the same time Caroline Morrill was named head of debt syndicate for the Americas while continuing in her former role as head of the bank's North American asset-backed syndicate desk.