People moves

HSBC boosts equities and prime services team in Asia

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The competition continues to heat up in Asia's prime broking space with HSBC announcing a slew of hires to boost its Asia Pacific equities and prime services units.

The new hires include the former head of hedge fund sales at Bank of China International, Tim Franks, who now heads hedge fund sales in Hong Kong. He had previously worked at Citi in hedge fund sales.

Jeffrey Tan, a former executive director at Nomura International for Hong Kong and China sales, has also joined and is now director in equity sales. Both report to Brad Schwartz, the head of