HSBC $HSBA (+0.01%) has promoted Chito Jeyarajah to Head of Investment Banking in Asia.
This is the latest key appointment at the Asia-focused bank as part of its global investment banking overhaul.
Jeyarajah, currently head of HSBC's Equity Capital Markets (ECM) business in Asia Pacific, will take up the new role from April 1, a company spokesperson confirmed to Reuters today.
He joined HSBC from Goldman Sachs in 2017 after serving as a managing director in the Wall Street bank's investment banking division.
The appointment came after HSBC announced in December that Matthew Ginsburg, a former Morgan Stanley and Barclays veteran and global co-head of investment banking, would be leaving the bank.
HSBC embarked on a major overhaul last year aimed at cutting costs and improving decision-making. This includes merging the Global Banking and Commercial Banking divisions and closing the M&A and ECM divisions in Europe and the Americas.