HSBC hires Morgan Stanley ECM star

HSBC hires Danny Palmer from Morgan Stanley to be its global head of ECM and equity-linked product.

In a move that suggests HSBC has finally got serious about upgrading its Asian equity capital markets operations, the firm has hired one of the top ECM bankers in the region.

To the surprise of many, HSBC has poached Morgan Stanley's co-head of global capital markets for Asia, Danny Palmer. The British banker left Morgan Stanley on Friday and will take on the role of global head of ECM and equity-linked product for HSBC. And...

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