HSBC hires Cantor’s Paras Jain to lead global TMT banking, sources say
HSBC has hired Paras Jain, a senior investment banker from Cantor Fitzgerald, as its global head of technology, media, and telecommunications (TMT) banking, according to sources. Jain, who previously worked at Cantor Fitzgerald and at Macquarie Group and Morgan Stanley, will be based in New York and report to Jan Laubjerg, HSBC's global head of sectors coverage.
The move is part of HSBC's strategy to leverage its large balance sheet for financing tied to the buildout of AI infrastructure in the U.S. and expand its market share in M&A and capital markets in the technology, media, and telecom sectors in Asia and the Middle East. HSBC recently announced plans to wind down most of its M&A advisory and equity capital markets businesses in the U.S., Britain, and Europe as it shifts toward a more financing-led model focused on areas where it has greater scale and competitive strength.
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- HSBC hires Cantor's Paras Jain to lead global TMT banking, sources say channelnewsasia.com
