HSBC Recruits Ex-BNP Paribas FX Exec Andy DePhillips

HSBC has reshuffled its FX personnel department, recruiting ex-BNP Paribas executive Andy DePhillips as its newest director of foreign Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term institutional sales.

In his new role as the director of foreign exchange institutional sales, DePhillips will be based out of New York. He joins HSBC after working two years at BNP Paribas in a similar role, whilst also spending a decade at Credit Suisse in a senior level position.

HSBC has been particularly active lately in terms of personnel moves, including the departure of its head of currency trading, Stuart Scott, earlier this week.