HSBC currency market expansion

Professional Adviser
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Bank reshuffles foreign exchange team as part of push to enter top ranks of $1.5 trillion-per-day currency markets

New York, 18 May (Bloomberg) ' HSBC Holdings has hired Marc Chandler from Mellon Financial to head its foreign-exchange strategy team in New York, as the number three financial services company continues its expansion in the currency market. 'It is a new position within foreign exchange here,' said Alain Delelis, head of foreign-exchange trading and sales at HSBC Bank USA. Chandler will report to Delelis, who joined HSBC in March from Deutsche Bank where he had been chief currency dealer in New York. Chandler's hiring is part of the bank's push to break into the ranks of top banks in th...

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