Awards 2012: Best bank, interest rate and inflation risk: HSBC

Best bank, interest rate and inflation risk: HSBC

Simon Hotchin at HSBC

In a particularly complex and intricate trade, HSBC demonstrated that it has the appetite to take on large, illiquid market positions and that it is capable of winning such a transaction through a competitive bidding process. It has built on the success of the trade to become a core counterparty of the client.

A European insurance company held a large portfolio of swaps and swaptions that served to hedge its liability exposure to low interest rates on its portfolio of guaranteed annuity options.