HSBC Mulls Splitting Equity, Fund Group
HSBC is considering splitting its global structured fund and equity products group into two separate divisions.
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.