LONDON, Sept 12 (IFR) - Spencer Lake, the vice-chairman ofglobal banking and markets at HSBC, is leaving the bank,according to an internal memo seen by IFR.
Lake has been at HSBC for 10 years, helping to build up thebank's capital markets and investment banking business. He wasmost recently global head of capital financing, and before thatco-head of global markets. He joined the bank in HSBC in 2006 ashead of debt capital markets and acquisition finance.
Samir Assaf, chief executive of GBM, as HSBC's investmentbank is known, said in a memo to staff that Lake had decided toleave the bank -- but did not give a reason.
HSBC earlier this year hired senior Goldman Sachs bankerMatthew Westerman to become co-head of banking. The business wassubsequently reorganised, with Lake becoming vice-chairman ofGBM, focusing on strategic initiatives. (Reporting by Steve Slater; Editing by Gareth Gore)