HSBC Equity Research Team Finds New Home at BNP Paribas
Recently, HSBC made the decision to cut its equity research team in the UK, a move that impacted several employees. However, there seems to be a silver lining as BNP Paribas has stepped in to pick up the pieces.
One of the key figures making the transition from HSBC to BNP Paribas is Matthew Lloyd. Lloyd, who spent nearly 17 years at HSBC and led the British bank’s UK midcap equities research team, has joined BNP Paribas Exane in London as a managing director and head of the firm’s UK midcap equities research team.
In a social media post, Lloyd expressed his excitement about the opportunity to build a strong UK midcap equities research product with both new and old colleagues. Some of these “old” colleagues include Simon Klepp and Daniel Cowan, who also made the move from HSBC to BNP Paribas.
Transitioning to BNP Paribas
Simon Klepp, an industrials analyst who was part of HSBC’s equity research team, joined BNP Paribas in June. Daniel Cowan, another MidCap analyst like Lloyd, also made the move to BNP this month. The addition of these experienced professionals will undoubtedly strengthen BNP Paribas’ presence in the UK midcap equities research space.
This transition comes at a time when the financial industry is experiencing significant changes, with banks adapting to new market conditions and evolving customer needs. By leveraging the expertise and experience of professionals like Matthew Lloyd, BNP Paribas is well-positioned to enhance its offerings and provide valuable insights to clients.
Conclusion
The move of HSBC’s equity research team members to BNP Paribas signifies a positive development for both the individuals involved and the organizations. It highlights the resilience and adaptability of professionals in the financial sector, as well as the opportunities that arise in times of change.
For more information on Matthew Lloyd’s transition to BNP Paribas, you can visit the source here.
