HSBC's I-Bank Ache

Orr, Deborah
February 2006
Forbes Asia;2/27/2006, Vol. 2 Issue 3, p14
The article recalls the efforts of HSBC to build up the investment banking side of its business in 2004. It appointed Stuart Gulliver and John Studzinski to manage the investment banking business. The bank's dealmaking business posted a decline in pretax profits of 18 percent in the first half of 2005. HSBC decided to promote Studzinski in January 2006 to become adviser to Chairman Stephen Green, leaving Gulliver to run the business.


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