HSBC has taken the decisive step to launch its prime broking
services in Asia-Pacific, with the ultimate aim of grabbing a
significant chunk of market share. The service kicks off in
Hong Kong this week and targets hedge fund managers based in
the city as well as in Singapore and the China mainland.
The bank has taken on board at least eight people from rival
firms. New hires include Laurence Denvir, previously with
Goldman Sachs; Mylene Pelandre and Vera Yu, for client
servicing, formerly from Bank of America Merrill Lynch; Richard
Rouse for client servicing from Credit Suisse, and Darrin Wong,
for sales, from UBS.
Denvir is joining the HSBC team in August as head of client
service and integration while Brad Moreland from Bank...