Tue, January 28, 2025
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Exclusive: HSBC to wind down M&A and ECM capabilities in Europe, UK & Americas, memo shows

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HSBC is preparing to wind down its M&A and equity capital markets businesses in Europe, the UK and the Americas as part of a major shake-up of its investment banking operations, a memo showed on Tuesday.
HSBC is planning to significantly scale back its mergers and acquisitions (M&A) and equity capital markets (ECM) capabilities in Europe, the UK, and the Americas, according to an internal memo seen by Reuters on January 28, 2025. The bank aims to reduce its M&A and ECM teams by approximately 30% in these regions, focusing instead on strengthening its presence in Asia, where it sees more growth potential. This strategic shift is part of HSBC's broader effort to streamline operations and focus on areas with higher profitability and client demand. The memo also mentioned that the bank will continue to support its clients in these regions but with a leaner team, emphasizing efficiency and cost reduction.

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[ https://www.reuters.com/business/finance/hsbc-wind-down-ma-ecm-capabilities-europe-uk-americas-memo-shows-2025-01-28/ ]