HSBC's co-head of Asian DCM is duly departing

11 December 2025

2 minute read

Now that HSBC is doing away with co-heads and ensuring that singular senior leaders are clear about their responsibilities and cannot blame each other for failings, some co-heads are leaving. One of them is a man who was co-head for debt capital markets (DCM) in the Asia Pacific region.

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HSBC declined to comment on this article, but insiders at the bank say that Sean Henderson, the bank's co-head of DCM for APAC has gone. Henderson declined to comment for this article. His departure is thought to have been announced two weeks ago. Curiously, this coincided with Henderson's own LinkedIn announcement that he had completed a board of directors program with the bank.

Henderson spent many years at HSBC. He joined the bank's London syndicate desk in 1999. He moved to Hong Kong in 2005 and has been there since. HSBC is the number one underwriter of G3 (dollar, euro, yen) bonds, and Henderson is thought to have been instrumental in placing the bank on this pedestal.

Despite HSBC's anti-co-head stance, Henderson is understood to have left the bank entirely of his own volition. Now he's gone, the new sole head of DCM at the bank is Daniel Kim. Kim joined HSBC in 2007 and appears over 10 years younger.

Kim was appointed co-head of APAC DCM alongside Henderson in 2022. He has outlasted his ex-boss.

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