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HSBC adds MD who left Citi and probably isn't writing a book

Citi is knee-deep in a huge restructuring program that’s cutting management layers and around 20,000 staff. Luckily for the people it employs, that doesn’t seem to be impacting how hirable they are -  or their creative output.

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Jorge Tapia joined HSBC earlier this month as an advisor on client strategy and product design. He spent 5 years at Citi, across both Hong Kong, where he was APAC trade sales head, and London, where he was EMEA chief of working capital & commercial solutions. He spent 23 years at Santander before that, and departed the Spanish bank as deputy CEO of APAC, based in Shanghai.

It's not clear whether Tapia's exit was related to CEO Jane Fraser’s sweeping restructuring plan. Richard Evans, the bank's global head of trade asset distribution, was let go in April and is best known these days for his fledging writing career

Although Tapia's new job title is a bit obscure, it's not hard to see how his experience fits in at HSBC. The London-based bank is Asia-centric and Tapia has plenty of Asian experience. HSBC is one of the biggest banks in the world for trade finance according to Coalition Greenwich. HSBC's 2023 annual report said it increased its share of trade finance business in 2023 and that it planned to invest in the business in 2024. Tapia will presumably help improve the product suite. 

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AUTHORZeno Toulon Reporter
  • Wa
    Wannabe book MD
    28 June 2024

    Fabulous title to the article.

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