HSBC Holdings Plc (HSBA), Europe’s largest bank, named Alain Renaud as head of global mergers and acquisitions to replace Andrew Bell who has left to join Jefferies Group Inc.
Renaud, currently the co-head of global banking for the Middle East and North Africa since 2009, will be based in London and begin the new job on April, according to a memo to employees today seen by Bloomberg News and confirmed by the bank. Paul Skelton will be responsible for global banking in the Middle East and North Africa.
Bell is on leave before he starts at Jefferies, people briefed on his move said earlier this week. London-based HSBC ranked 13th in global advisory last year, while New York-based Jefferies (JEF) ranked 19th, according to data compiled by Bloomberg.
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