HSBC has hired Keith Chan from Macquarie to help achieve its goal of becoming a top issuer of warrants and callable bull-bear contracts CBBCs in Hong Kong.
Chan, previously head of warrant sales at Macquarie in Hong Kong, will be responsible for leading the bank's Asian listed product business, which falls under the wealth management sales team headed by Ken Sue. However, Chan will report to Gary Hung, head of intermediaries for North Asia.
The listed product business has not been a strong area for HSBC in Hong Kong since it set up the warrant team in 2005. According to market rumours, the bank's strategy of focusing on smaller names in the warrant market,...
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