Goldman Sachs and Credit Suisse veteran Danielle Johnson joined HSBC as global head of its institutional client group within the global banking and markets business, effective June 3.
She’s now in charge of strengthening the coverage of Western-headquartered institutional clients who conduct business globally.
Johnson will report to co-heads of global banking coverage Lisa McGeough and Gerry Keefe in New York City. Her appointment was announced Thursday.
“Danielle’s impressive experience in banking will be pivotal as we focus on the highest-potential client partnerships to deepen our institutional relationships and increase market share,” McGeough said in a prepared statement.
Keefe called the institutional client group “one of the most important segments” in HSBC’s banking portfolio, dubbing it a “critical growth area” for the bank globally.
In her more than 20 years at Goldman Sachs, Johnson served as a senior relationship manager covering asset managers, banks and hedge funds; and as co-head of U.S. equity sales. In her three years at Credit Suisse, she served as co-head of Americas equities and head of venture capital coverage.
She joined HSBC from blockchain firm Galaxy Digital, where she was head of global distribution and private capital markets.
In a prepared statement, Johnson said she looks forward “to leveraging HSBC’s unparalleled international network to best serve our current and prospective clients around the world, in the heart of the financial capital of the world.”
She posted about her appointment on a LinkedIn post last week.
Johnson left Goldman Sachs in June 2019. But in recent history, several similarly tenured employees have left the firm, including some of the highest-ranking women in the company. Co-head of Global Financing Beth Hammack left Goldman in February after 30 years; and Stephanie Cohen, former head of its Platform Solutions unit, left the bank in March after 25 years.
Cohen is now IT firm Cloudflare’s chief strategy officer. Hammack is incoming president of the Federal Reserve Bank of Cleveland.
According to a Wall Street Journal report in March, these departures are part of a larger trend. Roughly two-thirds of women who were partners at Goldman at the end of 2018 — when David Solomon became CEO — have since departed or no longer have that title. The same can be said for less than half of men who were partners at that time, the Journal found.
Goldman’s spokesperson told the Journal that partner exits at the firm are within historical norms.
