HSBC reshuffle stresses commercial bank

Wallace Lam heads to Shanghai to take up a commercial banking position, opening up space for a pair of international promotions.

HSBC underlined its long-held commitment to making the most of its commercial banking relationships this week as it outlined a managerial reshuffle in the wake of Wallace Lam's shift into Chinese commercial banking.

Lam, a veteran at the bank, is readying a move to Shanghai to join HSBC’s commercial banking team in China. He was previously head of high yield capital markets and CMB debt origination in Asia Pacific, a key strategic position for HSBC bridging the gap between its commercial and investment banking units.

Underlining the stress HSBC's dealmakers now place on the commercial bank, the bank has picked Daniel Kim as its...

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