HSBC's new investment banking MDs include a lot of old timers

What does it take to make managing director (MD) at HSBC? The bank's belatedly released list of new managing directors in its capital markets and advisory team, suggests it helps to have worked there a long, long time.

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HSBC has promoted 16 people across its investment banking team globally this year. As the list below shows, they are most men working in debt capital markets (DCM). Many have been at the bank for going on two decades. This is a long time given that 12 years is the norm for making MD at most banks. 

HSBC's 2025 MD promotions come as the bank is letting go of many of the MDs it promoted last year as it pulls out of M&A and ECM activities in the UK, Europe and the US. 

HSBC is maintaining its activities in DCM, but its DCM bankers have been leaving. It's not inconceivable that HSBC has been deploying MD promotions to persuade experienced staff to stick around. 

HSBC's new investment banking MDs:

Ajay D'Souza: Infrastructure investment banking, London, joined HSBC 16.5 years ago

Anand Somaiya, FIG DCM, London, joined 12 years ago

Arnaud Burkhalter: Strategic equity and financing, Paris, joined from Deutsche Bank in 2021 

Antoine da Courton, DCM 

Ayush Jain, renewable and infrastructure coverage, India, joined in 2018

David C Shultz: DCM, New York, joined HSBC 12 years ago

Ho Tin Wang: Leveraged and acquisition finance 

Ido Givon: Private capital group, London, joined from Nomura in 2018

Mario Mico Felide: Corporate finance solutions, London, joined 2014 

Nathalie Bitan: DCM, Paris, joined nearly 18 years ago

Nour Safa, DCM, Dubai, head of Mena debt capital markets, joined eight years ago

Rita Korkmaz, head of leveraged and acquisition finance and syndicated loans for Middle East and North Africa, joined in Dubai nearly 15 years ago 

Rory Baxter: leveraged and acquisition finance, London, joined 12 years ago

Saurabh Gupta, Asian transportation and infrastructure banker, Hong Kong, joined nearly 18 years ago.

Yamur Munoz, debt and equity issuance, Mexico, joined 19 years ago

Yuzhuo Li, corporate risk solutions 

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