At HSBC, Phan and Yu will have a dual reporting line to Samir Assaf, head of fixed income and derivatives trading for Europe in London, and John Paganucci, head of derivatives trading for the Americas in New York. Phan's hire follows the addition of a pair of fund-linked structurers to HSBC two weeks ago (DW, 4/15). At Merrill in London, Phan's former role was divided up following a reorganization of the equity-linked business (DW, 2/4).
HSBC Hires Merrill Honcho For Fund Biz Buildup
HSBC has hired Steven Phan, head of the funds and active strategies structuring and trading team at Merrill Lynch in London, to boost its fund-linked business.