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HSBC Appoints Group Managing Director

HSBC Canary Wharf

The Board of HSBC Holdings plc has appointed Irene Dorner (58), President and Chief Executive Officer of HSBC North America Holdings Inc. and HSBC USA, overseeing HSBC Bank USA, N.A. and HSBC Finance Corporation, a Group Managing Director with effect from 1 February 2013.

Ten Challenges Facing The Private Equity Sector

Rock Climbing - Guglielmo Losio

According to the annual report: 'Ten challenges facing the private equity sector' by Altius Associates, the US buyout market faces a challenging environment of rising purchase price multiples for high quality companies while in Europe, GPs have innovatively found sources of capital amongst sovereign wealth funds and public fund managers willing to bridge the pre-IPO gap.