Investment Banking

‘It’s a huge opportunity’: Why HSBC is backing DCM as its investment bank shrinks

The UK lender remains focused on debt financing as it pulls back from M&A and ECM

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HSBC has a 'growth agenda' for its DCM team as it restructures its wider investment bank Photo: Lam Yik/Bloomberg/Getty Images

When HSBC pulled back from M&A and equity underwriting in key markets earlier this year, its dealmakers faced an uncertain future.

As the UK lender kicked off a radical overhaul of its business under chief executive Georges Elhedery, hundreds of jobs were put at risk.

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