HSBC hires

HSBC adds to Asia-Pacific equities and prime services

The appointments, including head of hedge fund sales, Hong Kong, are made in the bank’s equities and prime services units.

While global markets remain mired in uncertainty, HSBC is expanding its equities and prime services teams in Asia with the recent hire of nine senior executives, it said in a statement yesterday.

The new staff include five additions to the Asia-Pacific equities team and four to the prime services team, who all joined the bank during the past few months, a spokesman said.

“These new appointments demonstrate HSBC’s determination to continue building its equities franchise,” Rakesh Patel, head of equity sales and sales trading for Asia-Pacific, said in the statement. “The bank’s willingness to invest in this business under difficult market conditions reinforces the importance we...

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