HSBC cuts M&A team in Japan and Australia, to focus on HK, Southeast Asia

HSBC cuts M&A team in Japan and Australia, to focus on HK, Southeast Asia

People walk past a major branch of HSBC at the financial Central district in Hong Kong, China February 21, 2017. REUTERS/Bobby Yip

HSBC Holdings Plc cut about 10 banking jobs in Japan and Australia, a person with knowledge of the matter said, eliminating the merger advisory teams based in those countries.