In late August, I stood in the center of Mexico City, surrounded by glimmering office towers, looking up at the dark outline of the HSBC Mexico building.
He's replaced the division's management and is winding down the mortgage services business "very radically" but adds that he still sees some "good development opportunities in the U.S." One is the Hispanic community, building on HSBC's status as Mexico's fourth-largest bank (it bought Banco Internacional there in 2002) and the largest in Central America.