HSBC has restructured its prime services management following the exit of Chris Barrow, the bank’s former global head of prime services sales, this month.
HSBC set up its prime services in team in 2009. Barrow joined the bank in 2010 from Nomura to oversee its sales and marketing effort, focusing its client strategy on hedge funds and institutional fund managers.
Following his departure, HSBC will not replace him and instead will use regional heads to co-ordinate their global prime services sales business, according to one source.
To help lead this, Joseph Leckie joined the bank in August from Credit Suisse, where he was head of Asia Pacific prime brokerage sales for 10 years. He will now lead HSBC’s prime finance sales and marketing business for Europe, the Middle East and Africa (EMEA).
Leckie will co-ordinate with Matthew Kiraly, head of prime services sales for Asia, and Paul Busby, head of prime finance for the Americas, in running the bank’s global operations in the space.
HSBC Restructures Prime Services Management after Barrow Exit
HSBC has restructured its prime services management following the exit of Chris Barrow, the bank's former global head of prime services sales, this month.