LONDON, Aug 12 (Reuters) - HSBC has appointedPhilip Noblet as co-head of its UK banking team, formed lastyear as part of its global banking and markets division to buildup its debt capital markets and mergers and acquisitionsservices for British companies and financial institutions.
Noblet, who joined Europe's largest bank in March as head ofUK coverage, replaces Natalie Blyth, who will become global headof large corporates, according to an internal memo seen byReuters. Noblet will take up the role on Sept. 1.
The appointment comes as HSBC reviews whether it should moveits headquarters out of Britain back to its former home in HongKong.
Noblet will work closely with Alan Thomas, who has co-headedthe UK banking division with Blyth since 2014. He will report toRobin Phillips, global head of banking, and Jose-Luis Guerrero,head of global banking and markets.
Noblet, formerly chairman of mergers and acquisition (M&A)at Bank of America Merrill Lynch, was tasked earlier this yearwith developing HSBC's investment banking network in Britain.
Last year HSBC grew the market share of its investmentbanking fees in Britain to 5.3 percent from a 4.5 percent in2013, according to the memo, who also mentioned HSBC's advisoryrole in recent M&A deals such as Hutchison Whampoa's acquisitionof Telefonica's British mobile unit O2.
(Reporting by Pamela Barbaglia, editing by Louise Heavens)
HSBC Holdings (HSBA)