HSBC Blows Up Its Trading Desk to Chase Wall Street's Debt Throne
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HSBC is restructuring its trading desk to enhance its global debt-financing capabilities. The bank is merging its Group-of-10 rates business into a new global macro unit, integrating rates, FX, emerging-markets products, and commodities. This move aims to improve client connectivity and operational efficiency. Leadership changes accompany the shift, with Volkan Benihasim leading the macro division. HSBC plans to focus on debt capital markets, challenging larger rivals with its balance sheet strength.
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