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MOVES-Oliver Duff leaves HSBC to set up senior loan fund

Thu, 03rd Dec 2015 12:42

By Tessa Walsh

LONDON, Dec 3 (Reuters) - Oliver Duff has left his positionas HSBC's head of European capital financing and isexpected to launch a new senior loan fund in a move to Europe'sgrowing institutional buyside, banking sources said on Thursday.

Duff joined HSBC in 2006 to help the bank build itsleveraged finance platform and boost its profile in thesub-investment-grade leveraged loan and high-yield bond markets.

The bank has built a solid global leveraged finance businessafter boosting its profile in Asia and creating a European highyield team around five years ago.

HSBC has been moving up the loan league tables and iscurrently heading the bookrunner table for Europe, the MiddleEast and Africa (EMEA) with US$40bn of loans in 160 deals forthe year to date, according to Thomson Reuters LPC data.

Duff moved to HSBC in 2006 as global head of loansyndication and was promoted to global head of leveraged financein 2009.

He switched to his current position of head of capitalfinancing for Europe in 2014, where he reported to Spencer Lake,global head of capital financing in the bank's global bankingand markets division.

Russell Schofield-Bezer, who is currently HSBC's head ofEuropean debt capital markets, is expected to assume Duff'sresponsibilities as head of capital financing, Europe.

HSBC's loan team will be run by Richard Jackson, HSBC's NewYork-based global head of leveraged and acquisition finance.

Graham Tufts will head EMEA leveraged and acquisitionfinance and European loan syndicate will be run by Tim Spray,who recently joined HSBC from UniCredit.

James Horsburgh and Romeet Shankardass will head EMEAcorporate loan origination.

Duff joined HSBC in 2006 from Morgan Stanley, where he ranthe bank's loan syndicate team. Prior to that, he was at GoldmanSachs for six years and started his career at Bankers Trust in1994.

(Editing by Alasdair Reilly)

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