Slevin joins HSBC as Asia's head of global banking

The Citigroup COO becomes the first high-profile banker to jump ship this bonus season.
Hong Kong has seen its first high profile post-bonus hire this year with the news yesterday that Frank Slevin will leave Citigroup to join HSBC as head of global banking for Asia-Pacific.

Slevin has been with Citigroup since March 2002, initially as head of investment banking. In March 2005, however, he took on a more administrative role as chief operating officer of Asia-Pacific investment banking. Prior to that he spent seven years with BNP Paribas Peregrine, advancing as far as vice chairman of the firmÆs corporate finance division. Slevin, who started his investment banking career at Hambros, has also worked in London and New York.

In his new role at HSBC, Slevin will oversee the four businesses within global banking, which comprise investment banking, corporate banking, project and export finance, and asset and structured finance. This is a new position which aims to better integrate the various businesses under the HSBC umbrella and more efficiently serve the bank's corporate clients with regard to both investment and corporate banking.

Slevin will report to Rhydian Cox, who is head of corporate and investment banking and markets.

January and February is prime season for headhunters as bankers tend to choose the time right after receiving their annual bonuses to jump ship in the search of new challenges. Citigroup announced their bonuses two weeks ago and paid them at the end of last week.
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