HSBC Adds Nine To Asia Prime Brokerage

Sep 4 2012 | 9:11am ET

HSBC Holdings’ Asian prime brokerage did not take a long weekend.

The unit announced nine senior hires yesterday, including a new head of hedge fund sales in Hong Kong. The additions boost HSBC’s team in the region to roughly 40.

Headlining the new hires is Tim Franks, the new sales chief, who joined from Bank of China International, where he was also head of hedge fund sales. In addition, HSBC took on Jeffrey Tan as equity sales director and Eric Ang and Russell Jacobsen as equity sales trading directors. Jean-Paul Lischoten and Adrian Harrison were named directors of prime services sales, and David Streatfield, director of equity finance sales.

Franks, Tan, who joined from Nomura International, Ang and Jacobsen, both formerly of Samsung Securities, Linschoten, ex-UBS, and Streatfeld, late of Deutsche Bank, are all based in Hong Kong. Harrison was head of investor relations at Keywise Capital Management.

HSBC also hired Edward Yen as equity sales director in Taipei, Taiwan, from Goldman Sachs, and Ted Langworthy as equity finance Delta One sales director in New York, from Deutsche Bank Securities.

“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,” Rakesh Patel, head of equity sales and sales trading for the region. “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 counterparty with a strong market presence.”


In Depth

Exotic Assets: Investing In Rare Violins

Jan 17 2017 | 4:43pm ET

By definition, alternative investments include exotic assets far beyond your typical...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

The Trump Administration: What It Could Mean for Carried Interest

Jan 19 2017 | 5:25pm ET

The arrival of the Trump administration brings the potential for a repeal of the...

 

From the current issue of

Versum Materials (VSM), with a market capitalization of $2.7 billion, enables chipmakers to achieve higher performance at lower cost with enhanced reliability. Versum is a leading global provider of electronic materials for the integrated circuit and flat-panel display markets.