HSBC's Asian private-equity team completes buyout

In all, 17 former HSBC staff start work in a renamed company, Headland Capital Partners, in an amicable management buyout that is a sign of the times.

The management team of HSBC’s Asian private-equity arm has completed an amicable buyout of the business in a deal driven by regulatory uncertainty governing bank ownership of such entities.

Collectively, 17 former HSBC Private Equity Asia staff bought the business and started work yesterday under a new name Headland Capital Partners and in a building across town in Hong Kong’s central business district. An 18th person is understood to be joining the team early next year.

There...

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