HSBC has hired Thomas Poh, interest rate derivatives trader at ING Financial Markets in Singapore, for its Hong Kong hub in a similar role. Poh reports to Samuel Koh, head of Asian domestic derivatives trading in Hong Kong. "We needed more hands on deck for product development and market coverage," said Koh, noting that Poh will help boost the bank's interest rate trading book for the Philippines and Indonesia. In recent months HSBC also added a senior derivatives dealer from Citigroup for regional currency derivatives trading in Hong Kong (DW, 9/28).
At ING, Poh reported to Tim Fallowfield, director in foreign exchange, money markets and derivatives trading in Singapore. Fallowfield left the firm last month (DW, 10/12).