FX market round up: New boss for HSBC
Frederic Boillereau has assumed the responsibilities of Andrew Brown, who had been global head of FX at HSBC. Brown’s departure follows three record years for the bank’s FX business and is for personal reasons. Under Boillereau, who has been at HSBC since 1998, HSBC has finally got around to integrating its FX spot, forward and options businesses. Boillereau also remains in charge of HSBC’s metals activities.