HSBC takes its Toll after Stimmel quits to study

Marjorie Stimmel, HSBC Investment Banking’s head of public affairs, is leaving at the end of the month and will be replaced by her deputy Vanessa Toll.

Marjorie Stimmel, HSBC Investment Banking’s head of public affairs,

is leaving at the end of the month and will be replaced by her deputy

Vanessa Toll.



Stimmel is leaving to do a one year course in Asian art at the School of

Oriental and African Studies.



Toll has worked in the public affairs department for the last six years,

and will now head up a four-strong team.



A corporate financier at Chemical Bank, Stimmel moved into PR in 1990 at

James Capel, one of two famous City names incorporated into HSBC

Investment Banking alongside Samuel Montagu. Commenting on the reasons

for her departure, she said: ’Whatever you call it - ’downshifting’ or

’dematerialising’ - I have decided that after 20 years in financial

services it is time for a change of direction, building on a lifelong

interest.’



HSBC Investment Banking is part of HSBC Holdings which also owns Midland

Bank and First Direct.



Toll’s side of the business does not employ any outside lobbying or

public relations agency, and there are no plans to change this.



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