Brown quits as HSBC's currency head

Andrew Brown today left his post as global head of foreign exchange at HSBC.

In a restructuring prompted by Brown's departure, Frederic Boillereau has taken on the newly created role of global head of foreign exchange and metals. Boillereau will be based in London and report to Samir Assaf, head of global markets, and on a local basis to John Flint, head of global markets for Europe, the Middle East and Africa.

In an internal memo, Assaf said the new position will enable the bank to "provide a seamless and integrated global product capability". He added that HSBC intends to establish itself as a "top three" player in global foreign exchange. Assaf added that e-commerce remains a priority and "we will continue to invest strongly in this area".

Boillereau joined HSBC's global markets division in 1998 and four years later took on responsibility for forex option trading. In 2006, he became global head of forex and precious metals derivatives and since May 2008 he has been heading the bank's metals business.

Brown announced his decision to resign internally at the start of the year, after nearly three years in his current role.

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here