Matthew Bowen didn’t stay long at BNP Paribas. The former co-head of world key finance at Deutsche Financial institution joined the French bank as element of its acquisition of Deutsche’s key broking enterprise in December 2020. He remaining BNP in late July.
Bowen isn’t really responding to messages and is at this time on gardening depart, but the speak in the sector is that he is scheduling to sign up for HSBC in New York, presumably in a senior purpose in the primary broking division. HSBC did not verify the transfer.
Bowen would be a significant addition to HSBC’s enterprise. He expended 11 yrs at Lehman Brothers, two years as head of equity finance threat management at Lender of The usa and 12 and a half several years at Deutsche Bank ahead of his quick stint at Paribas. U.S. banking institutions dominate the primary brokerage market, with HSBC position exterior the top 10, but Deutsche/BNP Paribas came 5th in the very first half of very last 12 months according to Bloomberg, and has the additional attract of sidestepping losses relating to Archegos.
If Bowen joins HSBC, resources say it will elevate thoughts more than the futures of the ex-Barclays hedge fund crew (Ted Put up, Tom Kocica, Brian Bendowski and Steve Dollars), whom he hired into Deutsche (probably on big assures) in late 2019 in the expectation that they far too would move to BNP. Put up has currently moved to the French bank and is co-head of primary origination for the Americas. Bendowski has moved too. Kocica and Funds are continue to at Deutsche and could conceivably be a part of HSBC alternatively.
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