It has announced a new head of EMEA public sector origination, Ulrik Ross, who worked at the Japanese bank as head of north and central European capital markets. He previously worked at Merrill Lynch where he covered Nordic DCM. He reports to both Roger Thomson and Jeff Diehl, head of European DCM and global head of public sector DCM, respectively.
Ross was part of a seven-strong team led by Stefano Ghersi that left Merrill in 2001. Ghersi left Nomura under a cloud and has since brought a high-profile lawsuit against his former employer, as have three other bankers.
Francesco D’Alberti has also joined HSBC from Nomura, to run Italian public sector debt origination, focusing on Italian regional authorities (see Structured Finance news for more on Italian regional healthcare developments). D’Alberti will work for Ross.
HSBC has also moved to build out its product offering. It has made Nik Dhanani head of capital solutions for EMEA. Dhanani will look after the structuring and origination of hybrid capital and related instruments for corporates, financial institutions and public sector entities. He joins from Bank of America Securities where he had a similar role. Dhanani worked at BoA for three years; before that he was in the fixed-income capital products group at Citi.