New head of European FX derivatives marketing for HSBC

HSBC has appointed Ferruccio Ferrara from Deutsche Bank as European head of FX derivatives marketing.

Ferrara, who starts at HSBC on Monday, joined Deutsche Bank in 1996. He helped set up the fixed-income part of the bank’s relative-value group, and was country co-ordinator for Italy. From August 2000, he worked in the global corporate finance division. Ferrara began his career in Italy, first with Standard Chartered Bank and then with Baring Brothers. He moved to London in 1992 to work for Morgan Stanley.

“This appointment is the second of several anticipated in our expanding FX derivatives business,” said Martyn Brush, HSBC’s global head of FX derivatives. “The combination of Ferruccio Ferrara’s appointment and that of Chris McHugh, who joined us earlier this month, strengthens the platform from which HSBC can offer superior risk management advice and high-level structuring services to both corporate and institutional clients.”

McHugh was head of structuring at CSFB, and was appointed European head of FX derivatives structuring at HSBC.