HSBC develops Asian prime-broking plans

It isn't being spoken about widely, and representations and promises aren't being made to potential clients yet, but HSBC is moving closer to joining the roster of institutions that offer a prime-broking product in Asia. To this end, it has hired Matt Kiraly and Lauren Degney from Citi to work in its equity finance team as it puts together personnel who will ultimately launch the product. The UK bank is also looking for a regional head of prime broking, a vacancy that should arouse th…