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Why crowdfunding threatens traditional bank lending

August 2006

Market strategy: Lake moves over to HSBC

SpencerLake has joined HSBC as global head of debt capital markets after 17 years at Merrill Lynch. Lake had only recently been appointed to a newly created role of head of debt capital markets for the Asia-Pacific region at Merrill. He will be based in London and manage HSBC’s 250-strong origination team. He reports to Daniel Palmer, head of global capital markets.


“In the debt capital markets we are already a pretty significant player,” says Palmer. “Perhaps stronger in the European and Asian markets than we are in the US market but nevertheless present there as well. But we want to take the business onto the next level – that’s why we’ve hired Spencer.” Five years ago HSBC was 14th in the all international league tables – it is now in sixth position according to Dealogic.

Lake replaces Roger Thomson – who is...


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