Ex-Deutsche co-head of world-wide key finance said becoming a member of HSBC

Matthew Bowen failed to stay long at BNP Paribas. The former co-head of world wide key finance at Deutsche Financial institution joined the French financial institution as part of its acquisition of Deutsche’s prime broking business in December 2020. He remaining BNP in late July. 

Bowen just isn’t responding to messages and is at present on gardening depart, but the communicate in the market is that he is preparing to be part of HSBC in New York, presumably in a senior role in the primary broking division. HSBC did not ensure the move. 

Bowen would be a huge addition to HSBC’s business. He expended 11 yrs at Lehman Brothers, two a long time as head of fairness finance danger administration at Lender of The united states and 12 and a fifty percent years at Deutsche Lender in advance of his transient stint at Paribas. U.S. banking companies dominate the primary brokerage current market, with HSBC ranking outside the top rated 10, but Deutsche/BNP Paribas came 5th in the very first fifty percent of previous calendar year in accordance to Bloomberg, and has the added attract of sidestepping losses relating to Archegos. 

If Bowen joins HSBC, resources say it will elevate concerns more than the futures of the ex-Barclays hedge fund crew (Ted Submit, Tom Kocica, Brian Bendowski and Steve Money), whom he hired into Deutsche (probably on big guarantees) in late 2019 in the expectation that they too would shift to BNP. Write-up has now moved to the French lender and is co-head of key origination for the Americas. Bendowski has moved as well. Kocica and Money are however at Deutsche and could conceivably sign up for HSBC in its place. 

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