It's a day for career reversals, particularly if you used to work at HSBC.
Nick Tranter, the former head of global head of equities client management at HSBC, who joined investment firm Gordian Knot in February 2017, has just arrived at Credit Agricole. Tranter will be a managing director on the financial institutions group (FIG) coverage team, working with asset managers and hedge funds.
Tranter is an equities coverage veteran. He began his career at Morgan Stanley in 1996 and worked for BNP Paribas and Execution Noble before moving to HSBC. He left HSBC in September 2016 and joined Gordian Knot in February 2017.
Last year, we reported that Credit Agricole was moving some of its London-based government bond trading jobs to Paris. Nonetheless, the French bank has been adding to its equities team in London - in November it hired Tom Appleton from BNP Paribas as head of algorithmic execution.
Tranter isn't the only ex-HSBC MD to revert to banking. As we reported earlier, Chris De Sibert, HSBC's former managing director and head of foreign exchange and commodities sales to banks in Europe, the Middle East and Africa, has joined RBS after leaving for fintech.
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