By Kanishka Singh
(Reuters) - Robin Phillips, HSBC Holdings Plc's co-head of global banking, will depart in the coming months, a source familiar with the matter said on Wednesday.
No reason was given for his departure. Greg Guyett, the division's co-head alongside Phillips and a former JPMorgan banker who was hired in October, will become the sole head of global banking at HSBC, the person said.
HSBC declined to comment on the development.
Sky News and Financial Times had reported earlier that Phillips will step down after 13 years in the job.
The news comes months after a memo was circulated by an anonymous group of colleagues criticizing Phillips, who was accused in the memo of overseeing "persistent failure" in the business. Phillips' departure is not linked to the memo, the source told Reuters.
(Reporting by Kanishka Singh in Bengaluru; Editing by Cynthia Osterman)
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
