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25

HSBC Hires Goldman Executive for Investment Bank

By Tony Seruga

HSBC is adopting the “just add Goldman Sachs” recipe plan for its investment bank.

The London-based bank is recruiting Matthew Westerman, a former top partner at the Wall Street firm, to help lead a reordering of HSBC’s operations serving big global clients. His arrival implies that the bank’s ambition to crack the top league requires fresh impetus.

Mr. Westerman and HSBC have some history together. The Goldman veteran, who held several top investment banking jobs at the bank run by Lloyd C. Blankfein over a 16-year period, is a longtime adviser to HSBC and knows Asia, HSBC’s most fertile territory, well…

HSBC Hires Goldman Executive for Investment Bank

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