HSBC is considering splitting its global structured fund and equity products group into two separate divisions. According to an official familiar with the London-based firm's organization, senior management is considering the move because it could enable the sales officials to focus on one asset class and build up expertise.
Steven Phan, co-head of structured products in London, declined comment prior to a decision being made. "We are reviewing various things and will make an announcement shortly," he added.
The firm hired Laurent Boscherel, a senior structured equity trader at Calyon in Paris, last month as global head of exotics within structured equity. It could not be determined if a possible reshuffle is connected with the hire.
