HSBC has appointed a new head of securities financing for the Americas as the asset servicer looks to strengthen its US arranged financing proposition.
Matt Bowen will take on the role with immediate effect and will be based in New York, reporting to Loic Lebrun, global head of prime finance, and Jean-Michel Meyer, global head of repo.
Bowen joins HSBC after serving in several leadership positions at various banks over the last three decades.
Most recently, Bowen served at BNP Paribas where he acted as managing director, head of US prime finance platforms.
Before joining BNP Paribas, Bowen spent 13 years at Deutsche Bank where he most recently acted as head of US prime finance before the unit was transferred to BNP Paribas.
He has also served as managing director, head of equity finance risk management at Bank of America and senior vice president at Lehman Brothers.
“We’re pleased to welcome Matt to HSBC. He will lead the build-out of our US Arranged Financing proposition, to help grow our footprint with US institutional clients, connecting them to our global network,” said Lebrun.
Earlier this year HSBC lost its head of securities services for Americas – Scott Markowitz – to JP Morgan. Markowitz had led the custody business including sales, strategy, product development and operations.