Tim Hartshorn has joined HSBC Securities as a senior investment-grade trader, reporting to Ferdinand Masucci, managing director, corporate bond trading. Hartshorn last worked as a v.p. trading yankee bonds at Salomon Smith Barney, reporting to Ted Seelye, managing director. Hartshorn referred calls to Masucci and John Griff, ceo of HSBC's U.S. operations. Masuchi was traveling and could not be reached, and Griff did not return calls. HSBC's reason for hiring Hartshorn, who will trade U.S. financial credits, could not be determined.
Seelye says Hartshorn was let go in December, when the credit focus of that desk changed and it became necessary to reduce headcount from four traders to three. Seelye says Hartshorn worked at Salomon Smith Barney since the 1998 merger between Citicorp and Travelers Group, and had been at Smith Barney prior to the merger.