Leading securities lending figure departs HSBC

GC Legend and industry securities lending veteran leaves key role at HSBC after five years.

By Jonathan Watkins

Roy Zimmerhansl has left his role as global head of securities lending at HSBC after over five years at the firm, Global Custodian understands.

Zimmerhansl has been one of the leading voices on securities lending in recent years and was inducted into Global Custodian’s Hall of Fame in 2013.

A spokesperson for HSBC declined to comment.

Last year, HSBC saw the departure of another senior member within its prime and securities lending team. Grant Makenzie, one of HSBC’s longest-serving securities lending traders, left in May last year. His departure sparked a reshuffling of the securities lending trading desk, and created a new head of global trading strategy role.

Zimmerhansl joined HSBC in 2013 and moved from London to Hong Kong in February 2015, retaining his title of global head of securities lending.

Since 1980, Zimmerhansl held positions at Chase Manhattan Bank, Nomura, Deutsche Bank and inter-dealer broker ICAP. Within those companies he operated as a consultant, training company owner, software company product specialist, head of securities lending and even had a spell as a journalist.

In 2006, Zimmerhansl guided the launch of ICAP’s trading platform, i-SEC, before leaving in 2008.

In an interview with Global Custodian at the end of 2015, Zimmerhansl explained his proudest moment during his career.

“I think the growth of the industry is largely due to a better understanding of the value of the business by both participating institutions and interested parties including end investors, regulators, exchanges,” he said at the time.

“Since doing my first stock loan in 1981, I have worked at firms willing to invest in the business, with many people interested in growing securities lending at those firms and given training sessions to many others in countries across. I’d like to think that I have made a contribution to that improved understanding and as a result, contributed to the growth and longevity of the business.”