HSBC has hired Matt Bowen as head of securities financing, Americas, effective immediately.
Based in New York, Bowen will report to Loic Lebrun, global head of prime finance, and Jean-Michel Meyer, global head of repo.
Bowen joins HSBC from BNP Paribas where he was head of US prime finance platforms. Prior to this, he spent 13 years at Deutsche Bank, most recently as head of US prime finance.
Lebrun comments: “We’re pleased to welcome Matt Bowen to HSBC. He will lead the build-out of our US arranged financing proposition, to help grow our footprint with US institutional clients, connecting them to our global network.”
HSBC’s securities financing business comprises prime finance, repo and derivatives clearing. The business provides integrated capabilities to institutional clients globally across financing, execution, collateral management and asset servicing.
Last week HSBC launched a new platform, HSBC MarketSpace. This enables clients to access post-trade services and solutions from HSBC and other service providers.
