HSBC UK investment banking head departs amid strategy shift

The head of UK investment banking at HSBC has quit, the latest top-level change at the bank as it refocuses on corporate finance in its home market.

Rob Ritchie, the former Goldman Sachs executive hired by HSBC two years ago as co-head of its UK global banking business, left the bank earlier this month, according to two sources with knowledge of the move.

His departure comes amid a push to generate higher investment banking fees in HSBC’s home market, with the bank aiming to triple the roster of UK corporate broking clients to up to 50 and hire more bankers covering the country.

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