HSBC has suffered two senior level departures from its equities team in London, according to three people with knowledge of the matter.
Alex Ells, global head of facilitation trading, and Emma Fouracre-Reid, EU head of developed markets facilitation trading, have both left the bank to join a family office in Dubai the people said, who spoke on condition of anonymity as the matter is private.
HSBC and Ells declined to comment. Fouracre-Reid didn’t immediately respond to requests for comment.
It was reported that Ells took over high touch sales and trading for North America and EMEA earlier this year as part of a broader restructure at the bank which saw some senior executives in equities move to Hong Kong and Paris.
The lender cut a number of roles in its stock trading division in Paris last year as part of a larger cull of staff at its French investment bank.
Fouracre-Reid, an Oxford graduate, was promoted to head of high touch trading in Europe in March this year according to her LinkedIn profile and previously worked at Deutsche Bank in equity trading.