Andrew Brown has resigned from his position as global head of FX at HSBC. His departure follows three record years in HSBC’s FX business; the timing of his resignation seems unfortunate, coming in the same week that the bank unveiled plans for a huge £12.5 billion rights issue.
Well-placed sources say that Brown, who in a previous career served in the British Parachute Regiment, intends to spend the rest of 2009 with his family, improving his golf handicap and training for a triathlon.
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