Patel named ceo by HSBC
Clive Wolman
HSBC James Capel has made Krishna Patel, its former head of derivatives, chief executive replacing Jim O'Donnell who resigned in November to become a priest.
It has thereby scotched suggestions that it was poised to appoint Paul Hammond, who resigned as head of UK equities at Morgan Stanley last month. Hammond, 38, used to be a salesman at James Capel, before joining Goldman and then Morgan Stanley. His father Peter was an executive director of HSBC in charge of its London banking operations in the 1970s.