HSBC has hired Andrew Broeren, associate director in the structured finance group at Standard & Poor's in London, and Stuart Benzie, associate in the wholesale banking and risk management practice at McKinsey & Co. in London, to beef up its securitization team. Bahman Jahanshahi, head of private and structured finance in treasury and capital markets in London, said HSBC made the hires in response to demand from U.K. corporates that want to securitize assets and from investors who want to get exposure to the transactions. He added this was part of a long-term trend rather than in response to any immediate factor.
Broeren and Benzie are both originators and structurers in the asset-backed securitization team and report to Jahanshahi. Broeren starts today and Benzie started two weeks ago. Benzie said he made the jump because he had advised clients and worked on structured products at both McKinsey and Clifford Chance and wanted to be more directly involved. Broeren could not be reached.
