Andrew Brown today left his post as global head of foreign exchange at HSBC.
In a restructuring prompted by Brown's departure, Frederic Boillereau has taken on the newly created role of global head of foreign exchange and metals. Boillereau will be based in London and report to Samir Assaf, head of global markets, and on a local basis to John Flint, head of global markets for Europe, the Middle East and Africa.
In an internal memo, Assaf said the new position will enable the bank to "provide a seamless and integrated global product capability". He added that HSBC intends to establish itself as a "top three" player in global foreign exchange. Assaf added that e-commerce remains a priority and "we will continue to invest strongly in this area".
Boillereau joined HSBC's global markets division in 1998 and four years later took on responsibility for forex option trading. In 2006, he became global head of forex and precious metals derivatives and since May 2008 he has been heading the bank's metals business.
Brown announced his decision to resign internally at the start of the year, after nearly three years in his current role.
More on People
Roos to head equity sales and prime finance at Citi, and other moves
French bank, JP Morgan and Nomura have all lost senior clearing execs in past month
Paul Hopkin moves to Institute of Risk Management
Bank veterans Bristow and Pluta promoted to global co-heads, reporting to Rohrbaugh
Sign up for Risk.net email alerts
Sponsored video: MarketAxess
Sponsored video: Tradeweb
Multifonds talks to Custody Risk on being nominated for the Post-Trade Technology Vendor of the Year at the Custody Risk Awards 2014
Sponsored webinar: IBM Risk Analytics
There are no comments submitted yet. Do you have an interesting opinion? Then be the first to post a comment.