HSBC's record profits are burning a hole in its considerable pockets. With so much surplus money on its books the bank is drafting John Flint, head of Asian fixed income and derivatives trading, to London to coordinate the management of its balance sheet.
The move will re-unite Flint with Mike Powell, treasurer of HSBC Bank and head of global markets, who left Hong Kong for London in April 2003. In his new role - managing director of balance sheet management for Europe and the Middle East - Flint will once again report to Powell, who was previously head of global markets for Asia. HSBC has not yet announced a replacement for Flint,...
