HSBC's retiring Hong Kong sales MD is actually joining an Asian bank
Banks have been shuffling their Asia Pacific (APAC) credit trading teams this year as salespeople and traders move from place to place. Now, one senior saleswomanat HSBC who was previously thought to be retiring has turned up elsewhere instead.
Who is your Ideal Employer in finance? 💥 Answer our survey for a chance to win $1k
Una Lee spent 16 years at HSBC, where she was most recently an institutional sales MD. She's now joined Japanese bank MUFG as an MD and its Asia head of credit sales. She was promoted to MD in 2017, and previously served as co-head of credit sales for APAC, the Middle East, North Africa and Turkey (MENAT).
Lee's departure from HSBC, and supposed retirement, was first reported as part of a leaked list of 30 people moves in credit trading and sales.
Entire teams have moved from one bank to another in Asia in the past year. They include ANZ's credit team which collectively jumped to Standard Chartered. Lee is the only HSBC credit salesperson to move to MUFG this year. For now, at least.
Appetite for credit traders isn't as high elsewhere. However, there may be gaps to fill. Morgan Stanley's London credit team has seen multiple senior departures this year, for example.
Bear with us if you leave a comment at the bottom of this article: all our comments are moderated by human beings. Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. Eventually it will – unless it’s offensive or libellous (in which case it won’t.)