HSBC Securities has hired Shawn Burke, a utility and pipelines analyst at Greenwich Capital Markets, in the new position of senior v.p. and investment-grade utilities and pipelines analyst in New York. Robert Smalley, investment-grade research head at HSBC, says Burke was hired because the recent volatility in the pipeline sector has created investment opportunities. "He's one of the top analysts in the market, so hopefully he can help us develop that business," says Smalley. Burke says he joined HSBC because he wanted to return to the sell-side. Prior to joining Greenwich Capital Markets, he was head of investment-grade research at Barclays Capital.
At Greenwich Capital Markets, Burke reported to Renato Negrin, head of proprietary investment-grade trading, andKurt Lichtman, head of proprietary arbitrage trading. Neither returned calls seeking comment.