HSBC beefs up securitization team

HSBC drafts in Nikko banker to drive growth of securitization team.

HSBC has appointed Lam Wan Tsiang as a director in its securitization team and structured finance team, continuing its process of building up the group. Lam joins from Nikko Salomon Smith Barney in Tokyo, where he was a vice president.

The emergence of HSBC at the top end of Asia's securitization market has been plotted for a couple of years under Sarwar Ahmad, the team's head, but that effort has only really borne fruit in 2003, with HSBC now emerging as a frontrunner in the government's effort to develop the depth and sophistication of the Hong Kong market.

Ahmad's team beat off stiff competition from established houses to arrange the second...

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