Debt Syndicate Head is Latest HSBC Departure

Mitchell, Donna
April 2007
Investment Dealers' Digest;4/23/2007, Vol. 73 Issue 16, p10
Trade Publication
The article discusses the impact of failing subprime adjustable-rate mortgages (ARMs) and second-lien loans to the financial performance of Hongkong and Shanghai Banking Corp. (HSBC) in New York. Several key structured finance executives at HSBC have transferred and resigned due to its expected financial loss of about $1.8 billion. Some employees who resigned are Caroline Morrill, head of debt syndicate, and Jon Voightman, managing director in the mortgage-backed structured products group.


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