HSBC Prime Head Barrow Out

Nov 17 2014 | 4:58am ET

HSBC’s prime brokerage chief has left the bank, which is putting its effort into the hands of regional leaders.

Chris Barrow departed at the beginning of the month, Financial News reports. HSBC will not directly replace him, instead leaving its prime services business in the hands of local heads: Joseph Leckie has been named head of prime finance sales for Europe, the Middle East and Africa, joining from Credit Suisse. Matthew Kiraly will continue to handle HSBC’s Asia Pacific prime brokerage effort, and Paul Busby its Americas business.

Barrow joined HSBC in 2010, a year after it started its prime brokerage business. It was his second go-around with the bank, as he'd previously served as global equity and finance sales head from 2004 through 2007.

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