HSBC Prime Brokerage Hires Client Services Head

Feb 19 2010 | 9:19am ET

HSBC has added a Bear Stearns and Goldman Sachs veteran to head its prime brokerage unit’s client services group.

Terry Minkey has been named global head of client service and integration at HSBC Prime Services, the firm’s nascent prime brokerage effort. He’ll work to develop the group’s infrastructure and its “custody plus” program, International Custody & Fund Administration reports. He’ll also work on both the global markets product and distribution platforms.

Minkey comes to the firm from JPMorgan Chase. He served as an executive director in that firm’s prime brokerage after coming to the bank with the rest of Bear Stearns. At Bear, he served as chief operating officer for European prime services from 2004 until the firm collapsed. Prior to joining Bear, he worked at Goldman Sachs for nearly two decades.

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