Tom Lanners, HSBC’s co-head of equity capital markets Asia Pacific, has left the firm.
Lanners, who ran the bank’s Asia Pacific ECM unit out of Hong Kong since 2010 alongside Alexis Adamczyk, resigned earlier this month, according to a source close to the company. HSBC does not have any immediate plans to replace him.
His future plans could not be ascertained. An HSBC spokesman declined to comment. Lanners could not be immediately reached.
He joined the Hong Kong bank in 2004 as head of ECM for South Asia, and was promoted to co-head of ECM for Asia Pacific six years later.
During Lanner’s time at HSBC, the bank worked on a number of landmark deals, including the New World Development Store China flotation in 2007; Hui Xian Real Estate Investment Trust’s $1.6 billion dual-renminbi-denominated listing in April 2011; and HK Electric’s $3.1 billion initial public offering in January 2014.
Other notable deals include HKBN’s $748 million IPO, and GF Securities’ $3.6 billion listing. Both deals were completed this March.
Aftermarket performance for the IPOs is mixed. Li Ka-shing’s HK Electric, a trust spin-off from Hong Kong-listed Power Assets Holdings, plummeted 11.4% less than two months after its market debut and finished 2014 down 2.6%.
Yet others have experienced strong run-ups post listing.
HKBN is up 9.6% so far this year since its March IPO, while GF Securities jumped 34.8% in its debut, and is up 37.7% year-to-date up to May 20.
HSBC is traditionally known as one of the region’s top bond houses. But during Lanners’ tenure, the bank has moved up in Dealogic’s ECM league table rankings. HSBC went from 14th in 2007 to ninth so far this year up to May 20, according to Dealogic. So far in 2015, HSBC has raised $1.98 billion via 14 deals.
