HSBC's ex-head of US debt markets is making a big comeback
Michael Yarian has had a long rest, but it could be coming to an end. It's understood that Yarian - who officially left HSBC in November 2021 according to this FINRA registration - is in the process of joining Japanese bank Mitsubishi UFJ Financial Group.
Yarian, who has over two decades' experience on Wall Street, was a rates trading managing director at Barclays before joining HSBC. He's understood to be joining Mitsubishi UFJ as the US-based head of global markets. The bank declined to comment.
Yarian's arrival is expected to coincide with the exit of Bill Mansfield, the current head of global markets for the Americas. Mansfield has been at the bank since April 2013. He was widely expected to leave following a large loss relating to oil and gas firm CNX Resources Corp. several years ago, but stayed on.
Yarian is thought to have spent the past few years chilling with his family. He may soon be in a position to build a new team.
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