HSBC goes on a hiring spree for its ABS group

HSBC has hired six people for its asset-backed securities (ABS) group in New York, as part of an ongoing effort to build this area of its business.

The appointees will report to Michael Normile, head of term ABS - Americas. Normile said the appointments mean HSBC is now well positioned to expand its origination presence in the US ABS market, and support US distribution for structured products.

Robert DiOrio, a managing director and head of real estate securitisation - Americas, joins from CDC Ixis Capital Markets North America. Alice Koo, a senior vice-president and head of ABS product management - Americas, joins from Citigroup Asset Management. Cyrus Moehbbi, a managing director and head of ABS analytics and structuring - Americas, joins from ABN Amro, as does Caroline Morrill, managing director and head of ABS syndicate for the Americas.

Two more managing directors, Jeffrey Moses and George Smith, have moved from Bear Stearns. They join HSBC as head of transportation and equipment securitisation for the Americas, and head of Americas ABS trading, respectively.

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here