HSBC Is Said to Lose Another Top IPO Banker for the Middle East

HSBC Holdings Plc’s head of equity capital markets for Central and Eastern Europe, Middle East and Africa is set to leave, the latest departure as the lender undergoes a sweeping overhaul.

Christopher Laing is set to exit the bank after eight years, according to people familiar with the matter, during which HSBC became one of the top arrangers for share sales in the budding Middle Eastern market. He was part of the team that helped arrange Saudi Aramco’s $29 billion listing in 2019, the largest IPO on record.

Laing’s departure comes as HSBC undergoes a broad shake-up under ...