HSBC Names LatAm I-Banking Head

HSBC has named Jim Rossman, former head of ECM for the Americas, to lead the global investment banking group’s LatAm unit. Rossman’s title is a new one for the shop, which is better known for its retail presence. Rossman tells LatinFinance he will oversee investment banking and ECM, project finance, and commercial lending for the region, which includes Mexico, Argentina, Chile, Brazil, Colombia and Panama. He reports to Anthony McCarthy, head of LatAm corporate and investment banking and markets. DCM and syndicated loans for the region, currently under the markets group, is headed by Gerardo Mato, who also oversees DCM for the Americas, including the US and Canada, and the recently formed liability solutions group, which includes derivatives and treasury products. David Noble, formerly in charge of ECM origination in the Americas, is now head of ECM for the US, Canada and LatAm. Among the next steps for HSBC’s investment banking effort is to build up an M&A team, and to add on high-margin businesses like leveraged finance to take advantage of its balance sheet.