HSBC recently hired Ernest Yip, interest rate derivatives trader at JPMorgan in Hong Kong, as a government bond trader on its fixed-income trading desk. Yip is a replacement for Sean Wan, bond trader, who recently left the firm, according to Justin Chan, head of Hong Kong dollar interest rate and derivatives trading at HSBC in Hong Kong. Wan could not be reached for comment.
At JPMorgan, Yip reported to Aaron Poon, head of rates trading in Hong Kong. Poon said the firm has temporarily moved a trader from Singapore to assume Yip's responsibilities. JPMorgan recently hired Jason Li from Bank of America for the desk (DW, 8/18) and is looking to hire an additional trader, according to Poon.
