HSBC to expand energy-hedging with Total, says French

09 May 2011

The UK-headquartered bank hopes to build a strong presence in oil-hedging business in two years by teaming up with French oil major Total, says head of global markets for Asia Gordon French. However HSBC does not aim to compete in physical oil trading.

HSBC intends to take advantage growing demand for commodities risk management by building an oil-hedging business with the trading arm of French oil company Total over the coming two years, says Gordon French, the bank’s head of global markets for Asia-Pacific.

Energy-hedging is an essential ingredient for mitigating ...

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