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HSBC urges bankers to speak up after leaked memo attacks leadership

Plea follows public assault on strategy and senior managers at HSBC's investment banking business

HSBC urges bankers to speak up after leaked memo attacks leadership
Photo: iStockPhoto

HSBC has urged its top UK investment bankers to come forward with any concerns about the way the business is being run following a public attack on the division's leadership.

Financial News revealed last week that a group claiming to comprise senior members of HSBC's investment bank had expressed sharp disapproval of their boss Robin Phillips, accusing him of presiding over a period of “persistent failure” at the UK bank and demanding his removal.

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