HSBC Appoints Nine New Seniors in Asia Pacific Region

September 4, 2012 James Heinsman In the News

HSBC Holdings PLC recently announced the appointment of Tim Franks as head of hedge fund sales in Hong Kong, as well as eight other senior appointments in its Asia Pacific units.

The move comes as the bank begins to boost its prime services, which lend cash and securities to hedge funds as well as accommodate their trading needs. The HSBC’s Asia Pacific team has grown significantly since 2010, and is currently led by Mr. Melvyn Ford.

HSBC’s head of equity sales and sales trading for the Asia Pacific division Mr. Rakesh Patel explained:

“HSBC has been responding to client needs by making a strategic investment in its equities business in Asia since 2009 and we have been building Prime Services in the region since 2010.

“We’ve achieved good traction already, but we’re continuing to invest in the development of these businesses because there’s a great opportunity to win more market share from clients who are looking for a highly-rated counterpart with a strong market presence.”

Asia, Equities, Hedge Funds, HSBC Asia Pacific, HSBC Holdings,

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