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HSBC HOLDINGS Fires 20+ Analysts Recently: Wire
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In order to further push forward the overhaul of its investment banking business, HSBC HOLDINGS (00005.HK) has recently laid off more than 20 analysts, most of whom were based in Europe, including Steven Major, HSBC's Dubai-based global head of fixed income research, Bloomberg reported, citing sources. It is understood that HSBC HOLDINGS is consolidating its macro strategies across various asset classes such as foreign exchange and fixed income. Murat Ulgen will now serve as interim head of macro strategy while continuing his role as global head of emerging markets research, Eliot Camplisson and Raj Sinha will become co-heads of equity research globally, and Janet Henry will continue to lead the global economics team. AAStocks Financial News |
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