HSBC has reshuffled the leadership of its US securities services business, following the creation of a new role focusing on banks and broker-dealers.
Alexis Vasquez Meissner, who has headed securities services in the Americas for almost four years, relocated to London in July to become global head of the banks and broker-dealer segment for HSBC Securities Services (HSS).
She has been replaced in the US by Scott Markowitz, the bank’s previous Americas head of sales and business development, according to a memo seen by Global Custodian.
“Scott will lead the HSS regional business in the US, Mexico and Argentina as well as provide important coverage of our large US-based clients, who we service globally,” said Richard Godfrey, acting global head of HSBC Securities Services and Andre Brandao, CEO of global banking and markets Americas, in the memo.
Markowitz will also represent the Americas region on the HSS global executive committee, and report to Drew Douglas, regional head of liquidity and cash management, North America.
Markowitz joined HSBC in July last year from BNY Mellon, where he worked for 16 years within the strategic client group.
The move is the latest as HSBC looks to bolster its US securities services team. In June, the bank hired Bill Muia from RBC I&TS as a director for sales and business development, with the aim to boost sales with US asset owners.
In February, HSBC also brought on Kirsty Moore from Standard Chartered as a director for sales and business development, focusing on global and sub-custody and fund administration.