HSBC announced that it had named Florian Fautz as global head of mergers and acquisitions in the company. The appointment of Fautz was also announced yesterday through a Reuters report. Fautz was an internal candidate for the position. He worked as the company's advisor for its Germany unit. A spokesperson for the London-based bank Jezz Farr said today that Fautz would start his new job in the near future.

HSBC Holdings Plc is the biggest multinational bank in Europe and is headquartered in London, England. It is also the largest financial institution in the world. Currently, it serves around 58 million clients through four Global Businesses. It also has about 7,200 offices in 85 countries. 

Florain Fautz would be filling the role of Alain Renaud who has been on a sabbatical. Fautz would report to Spencer Lake, the head of capital financing. He joined the company in 2007 after his post at Dresdner Kleinwort.