HSBC Names Rami Hayek as APAC Investment Head

HSBC has appointed former UBS Executive Rami Hayek as its newest Senior Investment Head for central banks and currency reserve management clients in the Asia-Pacific (APAC) Asia-Pacific (APAC) The Asia-Pacific (APAC) region is one of the fastest growing in terms of population. This region in particular is of great importance to the financial services industry, as it is seen as the largest growth market for clients.APAC is comprised of diverse currency markets that are shaped by various and, at times, competing forces, from global regulation to local capital controls.The region has been seen as one of the hardest to enter by FX brokers for this reason, as well as grappling cultural or The Asia-Pacific (APAC) region is one of the fastest growing in terms of population. This region in particular is of great importance to the financial services industry, as it is seen as the largest growth market for clients.APAC is comprised of diverse currency markets that are shaped by various and, at times, competing forces, from global regulation to local capital controls.The region has been seen as one of the hardest to enter by FX brokers for this reason, as well as grappling cultural or Read this Term) region, teaming with Michael Bevan.

HSBC has recently made news with its rather lackluster Q2 Forex volumes, which tanked -34% QoQ, largely on par with the rest of the institutional industry. UK-based HSBC is one of the largest financial providers worldwide, with Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term comprising the largest portion of its global business.

The recent hire of Mr. Hayek to the APAC region underscores a wider commitment by other institutions to bolstering their personnel there – indeed, Mr. Hayek will team up with Michael Bevan, collectively managing the sovereign and public wealth funds in the APAC region.

Prior to HSBC, Mr. Hayek was the Managing Director, Head of Client Coverage – APAC at UBS for nearly two years. Before UBS, he also held senior management roles at Credit Suisse (Managing Director – Head of Distribution), Deutsche Bank (Managing Director – Global Head of Equity and Fixed Income), and Barclays (Global Head of Product Development).