HSBC cuts dozens of analyst jobs in investment banking overhaul: report

Most of the cuts were in Europe, a source said.

HSBC has cut more than two dozen analyst jobs in recent days as part of its restructuring of its investment banking businesses, reports Bloomberg, citing sources familiar with the matter.

Amongst those affected is Steven Major, HSBC’s Dubai-based global head of fixed income research.

Most of the cuts were reportedly in Europe.

Murat Ulgen will now act as interim head of macro strategy in addition to his existing role as global head of emerging markets research.

Meanwhile, Eliot Camplisson and Raj Sinha will expand their roles to become co-heads of equity research globally; whilst Janet Henry will continue to lead the global economics team, according to the source.

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