HSBC hires former UBS banker to head Australia M&A

July 31, 2015 4:08 AM

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SYDNEY, July 31 (Reuters Basis Point) - HSBC, Europe's largest bank by assets, has appointed Scott Couzner as head of M&A in Australia from UBS, where he was most recently running the Southeast Asian M&A team, the bank said in a statement on Friday.

Couzner's appointment comes at a time when the bank is restructuring its massive operations to increase profits. HSBC is slashing close to 50,000 jobs - half of which will come from selling businesses in Brazil and Turkey, shutting down unprofitable units and shrinking the investment bank by a third...

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