By Helene Durand
LONDON, Jan 27 (IFR) - Ulrik Ross, HSBC's global head ofpublic sector and sustainable debt, and Luc Oram, a director inthe bank's public sector debt business, are leaving the bank,according to multiple sources.
The departures appear to be part of wider changes to itscapital markets division. Reuters reported last week that thebank has started cutting around 100 senior jobs in itsinvestment banking division worldwide.
HSBC declined to comment.
Ross had been at HSBC for almost 10 years, joining the bankfrom Nomura in August 2007 as head of European public sectororigination, and becoming global head in 2011.
HSBC's capital markets business has undergone deep changessince the arrival in May 2016 of Matthew Westerman from GoldmanSachs as co-head of banking.
Ross's departure is the most high profile since Spencer Lakeleft in September 2016 after 10 years at the bank, during whichtime he oversaw a substantial build out its capital marketsbusiness. He was made vice-chairman of global banking andmarkets after Westerman joined, but was previously global headof capital financing. (Reporting by Helene Durand, editing by Alex Chambers, JulianBaker)