HSBC hires O’Leary for hedge fund sales, Bukhari for central bank sales
HSBC, which had the fastest-rising share of the FX market of the world’s top 10 FX banks in 2010, has hired Yorke O'Leary for its hedge fund FX sales team and Faiza Bukhari for its central bank and sovereign wealth fund sales team, an HSBC spokesperson has confirmed.
O’Leary, who joined from Goldman Sachs, will report to Michael Spencer, head of hedge fund sales, while Bukhari, who joined from Citi, will report to Rory O’Brien, who runs central bank and sovereign wealth fund sales for the bank.
"Continued growth in the institutional space throughout Europe is key to our overall strategy. We are delighted to add Faiza and Yorke to our team in London. Each bring skills and experience critical to our ongoing success," says Robbert Sijbrandij, co-head of institutional FX sales at HSBC.
HSBC almost doubled the volume it transacts with European institutional clients – including real money, public sector, banks and hedge funds – across the European region in this year’s Euromoney FX survey, released in May. That saw its market share ranking rise two places to seventh from ninth position in that client group, while its overall global market share increased from 4.55% to 6.35%, putting it in sixth position.