HSBC announces 22 new hires to investment bank

At a time of industry-wide retrenchment, HSBC believes that a raft of new hires will signal its strong commitment to the region.

Following a string of senior appointments earlier this year, HSBC Investment Bank and Markets has sought to consolidate its position with a number of new hires.

In Hong Kong, the bank has bolstered its sales team with the appointment of 15-year JPMorgan veteran CH Kim to run fixed income sales for Korea. Alongside Kim, Cindy Wang has also been appointed from BNP Paribas to cover fixed-income sales for Greater China.

Chris Donovan, previously treasurer of HSBC New Zealand, becomes head of institutional FX sales for Asia Pacific. His successor in New Zealand, meanwhile, will be Peter Adams, previously of Westpac in Wellington.

The credit research team also sees two new recruits in the form of Imogine Baker, who joins from Barclays and Jane Lai Voon Min, who joins in Singapore from Standard & Poor's. Both will report to team head John Woods.

In investment banking, Sarwar Ahmad has been named as the bank's new head of securitization and structured debt capital markets. Ahmad has spent many years in Asia, most recently at Nomura.

Equity capital markets has also been expanded with the appointment of Colin Milton who joins from ABN AMRO. With over nine years experience in Asian capital markets, Milton becomes a director reporting to ECM head Joe Simpson.

Rounding off the Hong Kong-based hires, Cecilia Noronha and Patrick Lo join the syndicated finance group covering Greater China as associate directors. Noronha was formerly with Citigroup and Lo with Bank Austria. Kate Kwan has also been appointed as a manager of distribution after seven years at Societe Generale.

In Korea, HSBC continues to expand its domestic treasury and capital markets business. CS Yang joins from JPMorgan to head derivatives marketing to local and foreign clients, while HS Lee joins as a senior trader from NACF, a major market player in Korean won fixed-income trading.

HH Kim and JY Hway from, respectively, Bank of America in Seoul and Royal Bank of Canada in Singapore, will be responsible for marketing treasury products to local and foreign clients. IK Jee, who joins from Hanwha Securities, will be responsible for Korean won fixed-income sales to local and foreign clients.

In Japan, HSBC has also announced that Takayuki Kosaka has joined as head of capital markets origination. Kosaka has spent many years in the Japanese debt markets, having worked for Yamaichi, Barclays and most recently, ABN AMRO. Also joining in Japan, is Yoshiyasu Naruse, who comes from Fuji Bank to be a senior manager of treasury sales.

New hires in Japanese yen fixed-income trading and sales also include Takahisa Endo from Kokusai, Sachio Yamaguchi from Mizuho and Shinichiro Nagaoka from Rabo Securities Asia.

Finally in London, Kazue Drury has joined the bank to strengthen its Asian product desk. He re-locates to Europe after stints with ING Barings in Tokyo and Hong Kong.


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