LONDON, Nov 25 (IFR) - Kevin Galligan, head of public sectordebt capital markets for North America at HSBC, is to leaveafter the firm decided to move its public sector DCM presence inNew York to London.
One banker at the firm told IFR that Galligan decided tostay in New York because of family reasons and will pursue otheropportunities. One other person is affected by the London move -a banker junior to Galligan - but a decision on his fate has notyet been made.
The banker denied the move had anyting to do with costs orcross border regulations. (Reporting by Spencer Anderson; Editing by Gareth Gore)