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HSBC deputy global equities chief takes leave, sources say

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HSBC's deputy global head of equities Selene Chong is taking a leave of absence from her role, two sources with knowledge of the matter told Reuters, the latest in a slew of senior leadership changes at the Asia-focused lender.

HSBC's deputy head of global equities, Max Gutierrez, has taken a leave of absence, according to sources familiar with the matter. This development comes amidst a challenging period for the bank's equities division, which has seen a significant reduction in its workforce, including the layoff of 37 bankers in Asia. The leave of Gutierrez, who has been with HSBC for over 15 years, adds to the uncertainty within the division. His responsibilities are expected to be temporarily managed by other senior members of the team. The reasons for his leave were not disclosed, but it follows a broader strategic review and cost-cutting measures at HSBC aimed at improving profitability in its investment banking operations.

Read the Full Reuters Article at:
[ https://www.reuters.com/business/finance/hsbc-deputy-global-equities-chief-takes-leave-sources-say-2025-02-04/ ]