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.”