A US MD resigned from a business HSBC wants to keep

HSBC may be closing its M&A and equity capital markets businesses in the US, but it remains firmly wedded to debt capital markets (DCM). Speaking last week to Bloomberg, Lisa McGeough, chief executive officer of HSBC US, said that leveraged finance and DCM were "really amazing jewel of the crown type of businesses (sic)" and that she was all for them.

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McGeough may be disappointed, then, that less than a week after bonuses were paid, at least one senior person in her DCM team has resigned. 

Sources say that Nils Hansen, a managing director on the US investment grade syndicate team in New York, handed in his resignation this week. Neither HSBC nor Hansen responded to a request to comment.

Hansen's exit follows complaints that bonuses in HSBC's DCM team were smaller than expected, given the bank's commitment to keep the business. There are also rumblings of disgruntlement regarding the senior Citi people who have achieved senior positions in HSBC's business in recent years. They include US head of DCM Patrice Altongi, who spent two decades at Citi before joining in 2021. 

Hansen spent nearly 13 years at HSBC after joining from Danske Capital Markets in 2012. 

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