HSBC names executives in Asia Pacific global forex team

Lender combines global expertise with its local insight to deliver unique global FX offering throughout region.

HSBC announced a number of senior appointments in its global foreign exchange (FX) business within Global Markets in Asia Pacific, further strengthening the Bank’s leading position in FX across the region.

Clyde Choi was appointed Head of Emerging Markets FX Trading, HSBC Asia Pacific. Mr Choi has over 10 years experience in cross asset class trading across FX and Rates. He was previously Co-Head of Asian Macro Interest Rate and FX Trading in UBS Singapore. Mr Choi reports locally to Hossein Zaimi, Head of Foreign Exchange and Metals Asia Pacific, and functionally to Mark Johnson, Global Head of FX Cash Trading, according to an HSBC report.

Gordon French, Head of Global Markets Asia Pacific, HSBC, said: “HSBC has strong foundations in the FX platform, which is a core contributor to the performance of Global Banking and Markets as well as the Group overall.Focusing on building market share with corporate and institutional clients, HSBC is in a prime position to develop the businesses of its international customers. The fast growth in developing markets as well as the expanding volume in world trade will enable us to take our already strong FX business forward. The new appointments bring a wealth of experience and will strengthen HSBC’s FX capabilities both regionally and globally.”

In Japan, Ryuichi Atsuta was appointed Director, Head of FX Trading. He was previously Head of FX Japan at Bank of America Merrill Lynch Japan. Mr Atsuta reports to Kosuke Hanao, HSBC’s Head of FX in Japan.

In Singapore, Guy Dickinson was appointed Director, Head of FX Trading and Joanne Ng joined as Head of Institutional FX Sales. Mr Dickinson was previously a Director at Barclays and managed their Australian, Canadian andNew Zealand dollar currency trading across Asia. Mr Dickinson reports to Amit Gupta, Managing Director, Head of Global Markets in Singapore. Ms Ng reports to Amar Darira, Managing Director, Head of Institutional Sales,Singapore. She was previously Executive Director of the fixed income, currency and commodities division at Goldman Sachs (Asia) L.L.C. in Hong Kong, covering institutional clients in Asia Pacific.

In Korea, Sean Jeon was appointed Head of Institutional FX Sales. He was previously Associate Director at Barclays with expertise in FX, Commodities and Derivatives across Korea. Mr Jeon reports to Hyun Jin Woo, Head of Institutional Sales, Global Markets Korea.

Frederic Boillereau, HSBC’s Global Head of FX and Precious Metals, said: “Asia Pacific remains a key region for our global FX business and these hires complement our global platform. We combine global expertise with our exceptional local insight to deliver a unique global FX offering throughout the region.”

HSBC is a leading market maker globally, quoting competitive prices in all tradable currencies 24 hours a day across over 60 countries and territories. The Bank was named the Best Foreign Exchange Bank in Hong Kong by FinanceAsia in 2010 and was named Best FX Services bank for Financial Institutions and Best Domestic Provider of FX Services in Hong Kong in the Asiamoney FX Poll in 2010. HSBC ranked number one for Best for currencies –Hong Kong Dollar in the Foreign Exchange Poll by Euromoney in 2009.