HSBC has a new global head of financial sponsors, becoming the latest big investment bank to make a top-level change to its business serving private equity clients since the turn of the year.

The UK bank has appointed Gilles Collombin, previously head of financial sponsors in France and the Benelux region, as head of the sponsors group globally, according to an internal memo seen by Financial News. He will be based in London and report to Robin Phillips, global head of banking.