People Moves

HSBC appoints head for prime broking business in Asia

by

Melvyn Ford

HSBC has appointed Melvyn Ford as head of prime services in Asia as it flexes its muscles to win more market share in the increasingly competitive business. The bank is looking to grow into a multi-asset class prime service provider, focused not just on servicing long/short equity funds in the region but in other asset classes as well.

HSBC rolled its prime broking services in the region in July last year but it is only now that it has formally appointed the key man to run the operation in the region. The team in