By Leila Abboud and Sophie Sassard
PARIS/LONDON (Reuters) - HSBC
He is the latest in a series of high-profile hires by HBSC in the past few months as rivals have stepped up job cuts at their investment banking businesses.
Bailey had been in the same role at Citigroup
Bailey worked on a number of M&A transactions in TMT and other sectors over 17 years, including Mannesmann's
He will start at HSBC in April, one of the people said.
Both HSBC and Bailey declined to comment.
In January, HSBC recruited Nomura's <9716.T> William Barter as head of UK global banking in March in a newly created position. Barter worked on the Xstrata/Glencore
This month, the bank also hired Herman Deetman as head of utilities for Europe, Middle East and Africa (EMEA) from Deutsche Bank
In September last year, HSBC added five bankers to its Asia Pacific natural resources team, with hires from UBS, Australian bank Macquarie
A month later, it hired Paul Connolly from Macquarie as head of oil and gas for EMEA.
HSBC is in the last year of a three-year restructuring in which is has cut more than 30,000 jobs.
(Reporting by Leila Abboud and Sophie Sassard; Editing by Anjuli Davies and Charlotte Cooper)