Breaking News

Tweet TWEET

HSBC’s Norton to Head Latin American Commercial Banking

HSBC Holdings Plc (HSBA) named Eddie Norton, the former deputy head of banking Americas, to lead commercial banking for Latin America.

Norton, a managing director at the London-based bank, will focus in particular on markets in Mexico, Brazil and Argentina, according to an e-mailed statement from HSBC. He moved to Sao Paulo from New York to take the job.

HSBC generated about 15 percent of its revenue from Latin America in 2012, data compiled by Bloomberg show. The company was the biggest underwriter of international bonds sold in Latin America and in Brazil last year, the data show.

With 163.1 billion reais ($69 billion) in total assets, HSBC is the seventh-biggest lender in Brazil, according to central bank data as of September. The company has total equity of 9.97 billion reais and 29,830 employees in the country.

To contact the reporter on this story: Cristiane Lucchesi in Sao Paulo at clucchesi5@bloomberg.net

To contact the editor responsible for this story: Peter Eichenbaum at peichenbaum@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.