HSBC overhauls DCM

Andy Cairns and Aaron Tan become co-heads of Asia Pacific debt finance.

HSBC has made a series of changes to its Asian DCM operations following the promotion of its previous head Stephen Williams. Like a number of other investment banks, HSBC has been in the process of setting up a global investment banking financing group that incorporates ECM and DCM, although the two have not yet been fully merged.

In Asia, global investment banking finance will be run by Williams and co-head Danny Palmer, who is also global head of equity capital markets. In Williams place, Asia Pacific debt finance will now be headed up Aaron Tan and the affable Andy Cairns.

The two MD's will be...

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