hsbcs-head-of-asian-ecm-resigns

HSBC's head of Asian ECM resigns

George Pavey, a major contributor to HSBC's equity capital markets business over the past two years, heads for the exit.
Even as the news that he was leaving HSBC swirled around Hong Kong, George Pavey, managing director and head of ECM Asia-Pacific, was busy pitching to a client in India before heading to Singapore to meet another client today.

PaveyÆs final day will be August 31. No future plans have been revealed, and Pavey is reportedly soon heading off on holiday to ponder his options.

Pavey and HSBC both declined to comment on the move.

Known for his passion for the business, which he has developed considerably since arriving from Credit Suisse in London in March 2005, PaveyÆs departure has puzzled many observers.

It could be part of a wider reshuffling at HSBC, following...
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