HSBC hires Paine as head of Asia equity syndicate

A 10-year ECM veteran of Lehman Brothers/Nomura, David Paine returns to Hong Kong from Japan to take up the position left vacant by Will Smiley's departure in January.

HSBC has hired David Paine as head of Asia equity syndicate, filling the position that was left open when William Smiley resigned in January to become co-head of equity syndicate at Goldman Sachs. The appointment, which is immediate, comes as HSBC said last week that it intends to increase its focus on equity capital markets in the region.

Paine is no newcomer either to the syndicate role or to the region, having worked at the Asia syndicate desks at both Lehman Brothers and UBS. For the past five years, however, he has been based in Tokyo, focusing primarily on the Japanese market.

He has spent the past decade working for Lehman Brothers and following...

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