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HSBC's ties to tycoon reaps benefits

Hong Kong

HSBC has shot to second rank among banks advising Asian firms on merger deals, its highest ever, due to ties to one man: Hong Kong tycoon and the region's richest man, Li Ka-shing.

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HSBC HQ London 3

People News: Goldman Sachs, HSBC, UBS.

Dennis Lafferty, one of Goldman Sachs’s top distressed-debt traders, is in talks to join HSBC to run a new loans and special situations unit in New York, according to two people with knowledge of the matter.

Deutsche Bank - Foyer Bridge

People News: Deutsche Bank, UBS

Zar Amrolia, who helped build up Deutsche Bank’s fixed-income and currencies business, is leaving the bank after ten years to help run a British electronic market-making business.

Hedge Fund

People News: C Suisse

Mining analyst Justin Froneman said he left Credit Suisse’s equity research unit in South Africa just over a year after joining the financial-services group.