HSBC has poached the highly regarded Mark Stadler from Dutch bank ABN AMRO to be its new head for banking, Asia Pacific, in its corporate and institutional banking group. At ABN Stadler held the position of head of the financial institutions and public sector group for Asia.
The move was settled last month and Stadler will join the bank in October. He is at present enjoying his gardening leave at an undisclosed location in the Indian Ocean.
Stadler has been with ABN since 1994 in Hong Kong and London. He has also worked at Merrill Lynch.
At HSBC he will report to Stuart Milne and be based in Hong Kong. His hire is the latest in a string of appointments that have been made since John Studzinsky came into the bank in 2003. Studzinsky is co-head of corporate, investment banking and markets with ex-Hong Kong based Stuart Gulliver, and both have said that they will be hiring up to 700 new investment bankers throughout the firm. Rival banks are clearly worried that HSBC is finally throwing its considerable weight behind a business it has traditionally eschewed.
In June this year, the bank hired Bob Yang and Steven Wallace from Goldman Sachs, Tou Chen Chang from Citigroup, Bob Dodds from CICC, Gordon Eichhorst from Morgan Stanley and Yong Hak Huh from JP Morgan.