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Foreign Exchange

HSBC promotes veteran to head EMEA FX institutional sales team

HSBC has promoted a long-standing member of its FX institutional sales team to become the bank’s new head of EMEA FX institutional sales.

Claude Goulet joined HSBC in 2008 after spending a number of years in senior FX sales roles at JPMorgan and Bank of America Merrill Lynch. Goulet previously worked as HSBC’s co-head of EMEA FX institutional sales beginning in May 2011, sharing the role with Robbert Sijbrandij.

Sijbrandij left his role as co-head of EMEA FX institutional sales at HSBC in September.

As sole head of the EMEA team, Goulet will work to better align institutional FX distribution with HSBC’s key client groups, while also strengthening the content value of the bank’s sales in the sector.

Goulet is based in London and will report to Marwan Dagher, who is HSBC’s head of EMEA institutional sales.

HSBC has also hired Chris Smith from FX rival Deutsche Bank to work as the bank’s head of hedge fund FX sales for EMEA. Smith will begin working for HSBC in November.

Smith will also be based in London and will report to Goulet.

Before his time at Deutsche Bank, Smith held senior positions in institutional FX sales at Citi and Credit Suisse.

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