HSBC has hired three analysts from Samsung Securities, including industry veteran Simon Francis, to expand its metals and mining research team, as the global bank seeks to develop its research coverage across high-growth sectors.
The appointments follow Samsung Securities' surprise decision earlier this year to shut down almost all of its investment banking and brokerage operations outside Korea, putting a stop to an aggressive expansion that had aimed to create a leading regional player in Asia.
Credit Suisse just a few weeks ago hired three research analysts from the former team at Samsung Securities in Hong Kong, including Viktor Shvets, who was head of...
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