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
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
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.