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HSBC’s investment bank chief Assaf set to step aside

Samir Assaf has led HSBC’s investment banking division since 2011

HSBC global banking and markets chief executive Samir Assaf
HSBC global banking and markets chief executive Samir Assaf Photo: Getty Images

Samir Assaf is set to step down as head of global banking and markets at HSBC and move into a non-executive role, capping an eight-year stint as head of the group’s investment banking division.

The change is part of a series of management moves set to be announced in the coming weeks by interim chief executive Noel Quinn, according to a report in The Financial Times.

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