While global markets remain mired in uncertainty, HSBC is expanding its equities and prime services teams in Asia with the recent hire of nine senior executives, it said in a statement yesterday.
The new staff include five additions to the Asia-Pacific equities team and four to the prime services team, who all joined the bank during the past few months, a spokesman said.
“These new appointments demonstrate HSBC’s determination to continue building its equities franchise,” Rakesh Patel, head of equity sales and sales trading for Asia-Pacific, said in the statement. “The bank’s willingness to invest in this business under difficult market conditions reinforces the importance we...
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