Hedge fund analytics platform ENSO Financial has hired one of HSBC’s most senior prime finance experts to head up its global sales team, Global Custodian understands.
Paul Busby joined the company, which is owned by post-trade and trading technology provider NEX Group, in June as global head of sales.
Busby led HSBC’s Americas prime finance business for five years. He also previously held a number of high profile roles during his 12 years at Deutsche Bank, including Americas head of securities lending and co-head of Americas equity finance.
ENSO has recently stepped up its offerings to hedge funds in the wake of its takeover by NEX Group. It most recently partnered with RSRCHXchange, also owned by NEX, to expand its Broker Vote tool to include MiFID II research consumption.
The exit of Busby is the second high profile name to leave HSBC in two months, following the departure of its former global head of securities lending trading, Grant Mackenzie, in May.