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Mr Knight severely reprimanded the firm over its proposed £120 million executive bonus scheme for being too generous and lenient in its performance demands.
He stressed that the bank should "walk away" from its troubled HSBC Finance operations in the US and believes much of the company's assets are overvalued due to the current credit crisis.
HSBC said earlier this week: "Walking away from the US business would be irresponsible and unrealistic," according to the Guardian.
Eric Knight is a member of the board of directors and the investment committee at Knight Vinke and has over 20 years experience in the corporate finance industry.
He was also the co-founder and managing director of the Sterling Investment group between 1996 and 2002.
