HSBC Said to Lose Second Dubai Bond Banker to Wall Street Rival

A senior Dubai-based bond banker at HSBC Holdings Plc is moving to Bank of America Corp., marking the second departure from the British lender in recent days as rivals continue to bolster staffing despite uncertainty stemming from the Iran war.

Khaled Darwish, HSBC’s head of debt capital markets for Central and Eastern Europe, the Middle East and Africa, will join Bank of America as head of Middle East and North Africa corporate banking in Dubai, according to people familiar with the matter, who declined to be identified as the information is private.