Andrew Brown is to relocate from HSBC Hong Kong to HSBC London and become managing director and head of FX for Europe and the Middle East. He takes the European responsibilities previously held by Rob Loewy, formerly managing director and head of FX, who recently retired (see Profit & Loss, April 2004). Brown was formerly head of FX for Asia Pacific.
Meanwhile, HSBC is bolstering its FX and structuring presence in London with five key hires, four of them at managing director level.
Adrian Boehler is to become managing director and head of FX institutional sales for Europe and the Middle East, at HSBC’s global markets division, when he joins in June. The bank says he will be responsible for managing and developing its FX sales platform for institutional clients in Europe, and report to James Tanner, head of institutional sales, Europe, global markets.
Boehler was formerly at Goldman Sachs in London where he was executive director, head of FX real money sales. According to the desk at Goldman, his responsibilities have been distributed among the rest of the team.
Meanwhile, Vincent Gesser joins as managing director of FX/interest rate hybrids, Europe, Middle East and Asia Pacific. The bank says that the area has grown dramatically over the last decade with hedgers seeking increasingly tailored risk management products and investors seeking capital protected and yield-enhanced assets in a low-yield environment.
Gesser was previously with CDC IXIS, a France-based provider of financial and investment banking services, which he was involved in launching, and brings with him Franck Kornmann, who joins as a senior derivatives trader. Other members of the FX/IR hybrids team will be announced shortly, the bank says.
HSBC has also hired Claus Hansen as managing director and head of corporate risk management, sales, Europe and the Middle East, global markets. The new role is intended to help global markets broaden its penetration and further its ability to offer risk management to corporates, according to the bank.
Hansen takes up his new post on July 5, and will report to Mike Powell, treasurer and head of global markets. He joins from Deutsche Bank, where he was head of the Nordic and Netherlands FX and derivatives group. Prior to this, he was part of the corporate derivatives marketing team at Goldman.
Reporting to Hansen, Paul Baldwin will join the bank on May 5 as managing director and head of corporate risk management and advisory, Europe and the Middle East, to help build a liability-side solutions group for global markets. He also joins from Goldman, where he was an executive director, head of UK corporate coverage, fixed income, currency and commodities division, heading a team which was responsible for marketing interest rate derivatives, credit derivatives, FX cash and derivatives, tax structures and debt financing to UK corporates. Prior to this, he worked at the then Dresdner Kleinwort Benson.