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New head of prime services in Asia for HSBC

Thursday, 10 May 2012
New head of prime services in Asia for HSBCHSBC today announced the appointment of Melvyn Ford as head of prime services, Asia.Based in Hong Kong, Ford will be responsible for the continued expansion of Prime Servicesoperations in the region. HSBC rolled out prime services into Asia during 2011 to meet the needs of the growing numberof hedge funds establishing themselves in the region.http://www.ftseglobalmarkets.com/

HSBC today announced the appointment of Melvyn Ford as head of prime services, Asia.Based in Hong Kong, Ford will be responsible for the continued expansion of Prime Services
operations in the region. HSBC rolled out prime services into Asia during 2011 to meet the needs of the growing numberof hedge funds establishing themselves in the region.

Ford has more than 17 years in Asia, having joined HSBC in 2010 to lead the relationship management function for Hedge Funds in Asia. Prior to joining HSBC, he built and ran the prime services business at both BoA Merrill Lynch and Deutsche Bank.

Commenting on the appointment Paul Hamill, global head of prime services, said, “Prime services is a key initiative for HSBC, and with the strategic importance of the Asian market, we are keen to ensure we have a high quality team in place. Melvyn is an important part of this and we are delighted that he has taken on the responsibility of ensuring the ongoing success of the business.”

In recent years HSBC has invested in its equity sales and trading capabilities along with its research which it hopes will dovetail into its prime services business.

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