Prior to that, he had spent 11 years in London with JP Morgan, heading the Europe, Middle East and Africa fixed income futures desk.
The expansion seeks to take better advantage of the continuing trend of financial institutions clients moving to an outsource model. HSBC currently offers broker outsourcing services in Hong Kong, Japan, Singapore, Australia and Thailand and is extending
UBS is to cut 3,000-5,000 jobs as part of cost-saving measures to offset falling profit, while rival Swiss bank Credit Suisse may announce 1,000-2,000 cuts, Der Sonntag newspaper reported.
The loan is secured, reducing the British bank’s risk, but so far it has sold down just $230 million of the loan, leaving $770 million on its books.
She has more than 13 years industry experience, having previously worked at ipac, Skandia, BT and Count Financial.