HSBC veteran Spencer Lake is to leave the bank, months after the capital financing team he led was merged into a new global banking unit, with Lake named global banking and markets vice-chairman.
Staff were told about Lake's decision on September 12 in an internal memo seen by Financial News and signed by Samir Assaf, HSBC's chief executive for global banking and markets. The memo did not say where Lake is going or if he will be replaced.
