Bloomberg reports that Baker, who is based in London, told colleagues late last week in an e-mail that he was resigning, said the people, who asked not to be identified because the departure hasn’t been made public. Michael Hartnett, 45, formerly head of equity strategy at the Charlotte, North Carolina-based lender, was promoted to Chief Investment Strategist, the people said.
In the meantime, Reuters reports that police cleared a few remaining Occupy Hong Kong protesters from an open-air plaza beneath HSBC's Asian headquarters on Tuesday, nearly a year after the anti-capitalists pitched their tents in the heart of Hong Kong's financial district.
Finally, the news agency also reports that U.S. futures regulators urged a delay in cash payouts to bankrupt Peregrine Financial Group's former customers, after finding false bookkeeping that cast doubts on a plan to return a portion of funds frozen since the brokerage's mid-July collapse.
image: © Dan4th Nicholas