HSBC has hired former Goldman Sachs veteran Bill Chu as its China head of investment banking, according to an internal memo issued on Monday and reviewed by Reuters.
Chu will work with the bank’s sector, product and coverage teams to further grow its Greater China franchise and drive greater connectivity between China and its international markets, according to the memo, the content of which was confirmed by a company 0005.HK spokesperson.
He will be based in Hong Kong, reporting to Matthew Ginsburg, global co-head of investment banking at HSBC.
China remains a “pivotal strategic market” for HSBC, with significant opportunity for its investment banking franchise, the memo reads.
Most recently at Goldman Sachs, Chu spent six years as a coverage banker mainly focusing on new economy clients, covering broader Chinese clients, and as head of China consumer & retail investment banking.
Reuters