HONG KONG, Aug 9 (Reuters) - HSBC has named StephenWilliams as head of capital financing for Asia Pacific, a newrole that encompasses all of the bank's capital markets and dealexecution capabilities for clients in the region, according to amemo obtained by Reuters on Friday.
The move follows the bank's reorganisation of July 2nd whichsaw the creation of the capital financing unit, to be headedglobally by Spencer Lake and responsible for primary fundingproducts including debt and equity as well as M&A execution.
The bank has also named Justin Chan and Monish Tahilramanias its new co-heads of the Asia Pacific markets division,responsible for secondary trading, following the promotion ofthe previous head of that unit Gordon French to head of globalbanking and markets in Asia.
The idea behind the restructuring is to create a 'productneutral' client coverage unit in order to offer better advice tothose clients, the bank said at the time. That unit, calledbanking and headed by Russell Julius in Asia Pacific, sitsalongside the capital finance and markets units inside theglobal banking and markets division headed by French.
A spokesman for HSBC confirmed the contents of the memo.
HSBC Holdings (HSBA)