HSBC has hired Matt Desselberger, who previously ran the corporate structuring group at Deutsche Bank, as global head of currency options as it continues to shake up its global markets group under Stuart Gulliver's leadership.

HSBC has a strong cash and foreign exchange franchise globally, but the bank has fallen behind its competitors in the institutional market. The hire of Desselberger is intended to help develop HSBC's options business with hedge funds, cash funds and other clients.

Desselberger to run HSBC's currency options team

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Jefferies looks to reward top investment bankers for collaboration on deals

UBS M&A boss Beck: European deals will catch up with US and Asia 

HSBC’s UK ECM head Fagan moves to City broker Shore Capital

Citi veteran Selim Elgen joins JPMorgan’s private bank in Dubai

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Carl Radford’s White Elk Partners will have six people in the Australian city by the end of 2025

The agreement settles claims that the lender facilitated $800 million of payments related to the looting of the Malaysian sovereign-wealth fund.

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European business activity continues to prove resilient into the second half of the year, surveys showed, despite the American trade tariffs that have weighed on some companies.

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The president and his allies accuse Powell of dragging his feet on interest-rate cuts, in a caustic and unprecedented pressure campaign.

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The city’s exchange operator reported record profit and revenue as bullish market sentiment boosted trading.

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