The man who was transforming HSBC's global banking and markets (GB&M) division into a digital powerhouse has left the building.
Chuck Teixeira left HSBC over a month ago according to insiders. He spent three years at the bank and was chief administrative officer and head of transformation. Teixeira was also a managing director and a member of HSBC's global markets operating committee.
HSBC declined to comment on Teixeira's departure. It's not clear whether his exit is related to interim CEO Noel Quinn's decision to restructure the global banking and markets division as part of a new strategy to be announced early next year. Liberated from HSBC, Teixeira is now running Wckd Rzr, a consultancy firm focused on data and digital transformation.
When we spoke to Teixeira in June there was little sign of his impending departure. Then, Teixeira was building data labs for up to 150 people in London and Toronto and had started a data-focused graduate recruitment programme for bachelors students, masters students and PhDs. Having constructed a data lake, Teixeira was busy moving the data inside it to the cloud and collaborating with external fintech firms to facilitate data analysis.
Teixeira, who was an MD in global liquidity management at Barclays in a former incarnation, hasn't been replaced at HSBC yet. Insiders say his work has been distributed across the COO function.