HSBC hires CSFB’s global head of structuring

HSBC has appointed Chris McHugh, former global head of structuring at CSFB, as European head of foreign exchange derivatives structuring.

McHugh was responsible for creating foreign exchange and fixed-income structured products for CSFB’s corporate and institutional clients. He has a total of eight years’ experience devising structured derivatives, HSBC said.

“This appointment is the first of several in our expanding derivatives business,” said Martyn Brush, HSBC’s global head of forex derivatives. Brush added that structured products are an increasingly important part of the portfolio of services for corporate and institutional clients, and that forex derivatives is a growth area for the bank.

McHugh starts with HSBC at the beginning of September, and will be based in London.