HSBC has hired Scott Dickens from Bear Stearns to spearhead the development of its securitisation business in Europe where the bank has ambitions to be one of the top five players. Further appointments are expected next week.
Mark Bucknall, head of debt finance and advisory within HSBC's global markets division, said: "ABS is one of the fastest growing sectors of the international bond markets. It has been growing rapidly in the US and Europe is now playing catch-up.