Senior FX banker in sudden HSBC departure

6/03/07

Welsh resigns from HSBC NY

In what appears a surprise move, Ben Welsh has resigned from his position at HSBC New York as head of FX, global metals and US rates. Welsh, who joined the bank in January 2003 from Goldman Sachs, told WeeklyFiX that he has no immediate plans other than to take a break from the business.

“It’s a great bank with some great people. The team we built up in NY is fantastic and I’m really going to miss those people,” he said.