HSBC splits vanilla from exotics, removing Police’s role

HSBC Global Markets has restructured its derivatives sales in London, aligning its flow sales with equity sales and separating out its exotics business. Amilcare Police, previously head of vanilla and exotics sales remains at the bank but not as the London-based head of Europe, Middle East and Africa (EMEA) equity derivatives.

Flow, which includes the vanilla, exchange-traded funds and delta 1 sales, will be aligned with the cash business. The flow business will be run by Nigel Grinyer, head of

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