The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site.

All material subject to strictly enforced copyright laws. © 2020 Euromoney, a part of the Euromoney Institutional Investor PLC.
Foreign Exchange

Senior FX banker in sudden HSBC departure

In what appears a surprise move, a senior banker has resigned from his position at HSBC New York.

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. HSBC declined to comment immediately on his departure, or on how the bank’s US trading operation would be reorganised.

Welsh’s decision is not believed to be connected directly to news contained in the bank’s final 2006 results, released Monday March 5, that it had set aside $10.5 billion in bad loan provisions.

Take out a complimentary trial

Take out a 7 day trial to gain unlimited access to Euromoney.com and Asiamoney.com analysis and receive expertly-curated updates direct to your inbox.

 

Already a user?

Login now

 

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree