HSBC
Market sources tell Profit & Loss that David Bloom, global head of FX strategy at HSBC, is leaving the bank. Bloom joined merchant bank James Capel in 1992 and moved to HSBC when it acquired the firm in 1997, initially as UK economist. In 1999 he was named currency strategist at HSBC in London before […]
HSBC’s FX Alternative Execution Services has launched a new NDF algo offering called NDFlex – initially available in five currency pairs using a number of strategies. The new algo suite is offered in the dollar against IDR, INR, KRW, PHP and TWD, and Implementation Shortfall, Liquidity Seeking, TWAP, VWAP, Get Done and Liquidity Plus strategies […]
A recent precedential decision by the US Court of Appeals’ Second Circuit has possibly opened a door for former HSBC FX trading head Mark Johnson to have his conviction overturned. Johnson has separately filed to the US Supreme Court to have that court listen to an appeal against the judgement on eight counts of wire […]
Allan Guild has left HSBC after six years, most latterly he was global head of FX and commodities execution in the bank’s Global Banking and Markets Division. During his time at HSBC, Guild was also COO of the FX options business, global head of the middle office as well as of HSBC’s FX and commodities […]
As former HSBC FX cash trading head Mark Johnson takes his case to the US Supreme Court, ACI – The Financial Markets Association (ACI FMA) has filed a second Amicus Curiae to support his efforts to have his case heard and conviction overturned. Additionally, the New York Council of Defense lawyers (NYCDL), a not-for-profit professional association […]
Profit & Loss understands that Chirag Patel has joined HSBC in London as a managing director in its FX trading business. He joins from Citi where he was most recently head of FX spot trading having taken that role after a sabbatical from his role as head of FX options trading. Patel worked for Citi […]
Former US under-secretary of the Treasury Stuart Levey has been named as the the first CEO of the Facebook-backed Libra Association. He is currently chief legal officer at HSBC, a role he has held since 2012, and will assume the reins of Libra in the summer when he tenure at the bank ends and be […]
HSBC’s rather mercurial relationship with these awards continues in that the bank persistently wins prizes for aspects of its e-offering, but is yet to really hit the bright lights with the overall platform Evolve. As that venture is the first single dealer platform to be built from the start in HTML5 the wait may be […]
Connectivity solutions provider TransFICC has closed a Series A investment round for £5.75 million. Led by AlbionVC, it included new strategic investments from ING Ventures and HSBC, who join existing shareholders, Citi, Illuminate Financial, Main Incubator (the R&D unit of Commerzbank Group) and The FinLab. The investment will be used to extend product and market […]
The winners of the 2020 Digital FX Awards were unveiled during a Zoom Happy Hour that followed Profit & Loss’ first ever Dial-in Day, which attracted over 500 attendees. For the seventh year in a row, UBS won Best Multi-Asset Class Platform for Neo, the bank also went home with four other Awards. Continuing what […]
