HSBC hires Rod Sykes

The Morgan Stanley mafia gains a new recruit.

HSBC has hired Rod Sykes as its new co-head of Asian debt finance replacing Andy Cairns who is re-locating to a bigger job at the bank's debt finance group in New York. Sykes comes to HSBC from Merrill Lynch, where he has been head of Asian DCM for about a year.

However, the majority of his career has been spent at Morgan Stanley and he will now join two of his ex-colleagues to round out what must rank as the most experienced high yield team in Asia. HSBC's ambitions to develop a credible high yield franchise were first made evident in March when it lured Chris Zilla from Morgan Stanley...

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