EXCLUSIVE-HSBC's global equities boss Hossein Zaimi to leave bank

Credit: REUTERS/GONZALO FUENTES

By Sinead Cruise and Sumeet Chatterjee

LONDON/HONG KONG, July 17 (Reuters) - HSBC's HSBA.L global equities chief Hossein Zaimi is leaving the bank, sources said on Friday, in the latest revamp of the lender's embattled investment banking operations.

Hong-Kong-based Zaimi, who has worked at HSBC for more than 16 years, only took up a supplementary position as co-global head of securities financing in March, shortly after the bank unveiled a new strategy to shrink its Global Banking & Markets division and cull thousands of jobs.

Zaimi could not immediately be reached for comment. A spokesman for HSBC declined to comment.

(Reporting by Sinead Cruise in London and Sumeet Chatterjee in Hong Kong, editing by Karin Strohecker in London)

((sinead.cruise@thomsonreuters.com; 020 7542 5154; Reuters Messaging: sinead.cruise.thomsonreuters.com@reuters.net))

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