Robin phillips biography hsbc online banking

An HSBC veteran criticised by an anonymous group of colleagues in a scathing memo last year is to step down after more than a decade as one of the City's leading investment bankers.

Sky News has learnt that Robin Phillips, HSBC's co-head of global banking, is to leave the role in the coming months.

Mr Phillips, whose retirement is expected to be announced internally on Thursday, will hand the reins of the unit - one of four in the global banking and markets division (GBM) of Europe's biggest lender - to Greg Guyett, who was named its other co-head last autumn.

Sources said that Mr Phillips had signalled his desire to step down after 13 years in the job - a tenure which has made him one of the longest-serving heads of a major corporate and investment banking unit in the industry.

They added that his decision to leave was unconnected to a memo circulated last summer by a group which claimed to comprise senior executives