Financial Wire

Market Chatter: HSBC Holdings Bond Banker to Leave Lender for Rival

-- A senior HSBC Holdings (HKG:0005) official overseeing part of the bank's bond business is leaving the firm for rival Bank of America, marking the second such departure in recent days, Bloomberg reported Monday, citing people familiar with the matter.

Khaled Darwish, HSBC's head of debt capital markets for Central and Eastern Europe, the Middle East and Africa, is leaving the role for a position as head of Bank of America's Middle East and North Africa corporate banking in Dubai, the people told the news agency.

Darwish's departure follows the exit of Nour Safa, who oversaw HSBC's debt capital markets for the Middle East and North Africa. Safa is reportedly joining Goldman Sachs Group.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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