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Derivatives

HSBC Grows City Fund-Linked Biz

HSBC in London has added a lawyer and a trader to its fund derivatives desk.

HSBC in London has added a lawyer and a trader to its fund derivatives desk. Georgios Sittas, senior fund-linked trader at Lehman Brothers, is set to join as a director in a similar role, and Dan Robey, formerly legal counsel at Bank of America, will fill a front-office legal position. Both will report to Steven Phan, co-head of global structured fund products in London, who did not respond to messages. Phan himself joined from Merrill Lynch last year with a view to building out the business (DW, 4/29/05).

Calls to Lehman were referred to Mark Lane, spokesman, who declined comment on a replacement for Sittas. Bank of America officials said Robey has been replaced internally.

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