HSBC has made some changes to its leveraged and acquisition finance division in Asia-Pacific that will see Jeff Bennett step up to become head of the team. He will replace David Simons who has left the bank as part of a retrenchment, according to sources.
Compared with many other firms, HSBC's leveraged and acquisition finance team has, however, been relatively less affected by the job cuts across the leveraged finance industry, partly on account of the bank using a broader definition of the asset class, including not only private equity finance, but also corporate acquisition finance, bridge finance and infrastructure acquisition finance.
In a press release announcing Bennett's appointment, HSBC stressed its continuing commitment...
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