The French bank has created two new global roles in prime brokerage sales and trading, as it looks to significantly expand its capabilities in the business.
Paul Marchington, who acted as interim head of prime finance for the region, will continue his role as Citi’s head of investor services sales for APAC.
Hamill led HSBC's global prime finance business for over six years, where he oversaw the integration of prime brokerage with its global equities business.
Tier two or ‘mid-tier’ prime brokers are winning a significant number of mandates from hedge funds which have either been exited by bulge bracket primes or who are struggling to be on-boarded by traditional players.