Copying and distributing are prohibited without permission of the publisher.

Watermark

HSBC’s Asian Head Of Risk Management Quits

08 Apr 2002

Azam Mistry, director and head of risk management advisory for treasury and capital markets at HSBC in Hong Kong, has resigned. Market officials noted that Mistry is a well-known figure in the region for his role as a director for the International Swaps and Derivatives Association. Mistry could not be reached for comment.

"This was a shock for many market participants," noted a fixed-income head at a rival bank in Hong Kong, adding, "This is a great loss for HSBC." At HSBC, Mistry reported to Paul Hand, Asia-Pacific head of sales in Hong Kong. Hand declined comment. Grace Chang, associate director of risk management advisory in Hong Kong, noted that she is handling Mistry's former responsibilities while the bank looks for a replacement. Chang referred further queries to Hand.

08 Apr 2002