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LONDON, Oct 27 (Reuters) - HSBC has appointed Sarah
Wiggins as vice chair, global banking in London, according to an
internal memo seen by Reuters on Wednesday.
Wiggins will join the bank at the end of the first quarter
of 2022 from law firm Linklaters and will be responsible for
helping to build HSBC's investment banking business in its home
market of Britain, the memo said.
The move is the latest of a string of senior appointments by
the bank's co-head of Global Banking and Markets Greg Guyett, as
he tries to improve HSBC's ties to corporate bosses and its
investment banking performance.
HSBC appointed senior bankers Philip Lee and Vikas Seth as
vice chairs of global banking last autumn, based in Singapore
and London respectively.
The British bank posted strong third quarter results on
Monday, but has seen its investment bank income fall this year
due to its bias towards debt markets, at a time when rivals'
equities and merger-focused businesses have thrived.
A spokesperson for the bank confirmed the contents of the
memo.
(Reporting by Lawrence White Editing by Iain Withers and Mark
Potter)
