HSBC has appointed William Ross as its first global markets co-head of Islamic finance, part of a larger plan to extend its global markets capabilities into shar'iah compliant structures.
In what is to be a two-person role, Hong Kong-based Ross will focus on Islamic liabilities, including liquidity and risk management. HSBC has yet to appoint the other co-head but said that the person would focus on Islamic assets. The new positions are the first related to Islamic finance in the bank's Hong Kong global markets team.
Ross retains oversight responsibility of his former managing director and Asia-Pacific head of financing solutions group role. While he remains part of HSBC...
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