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HSBC names head of yuan initiative

Paul Gooding, HSBC's head of European credit trading, has been tapped to lead the bank's push to make London an offshore yuan trading hub. In his new role, Gooding will work on ways the bank can participate in the city of London's efforts to make the city a trading centre for the Chinese currency. HSBC has made Asif Godall the new head of European credit trading. Godall was previously co-head of the global macro strategies desk.

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