HSBC 'hiring from Goldman, JPMorgan' to boost Asia ops

Hong Kong

HSBC Holdings made a slew of hires from rivals including Goldman Sachs Group Inc as the bank revamps its equities business in the Asia-Pacific region and expands a nascent majority-owned securities venture in China, people familiar with the matter said.

Among the recent additions are Michael Parry, who joined from Goldman Sachs as a director focused on Asian equity sales, the people said, asking not to be identified. Other hires include Liu Kang, who was at Goldman Sachs's Chinese partner Beijing Gao Hua Securities Co, and Jimmy He, who joined HSBC's equity sales team from China International Capital Corp last month, the people said. Both Mr Liu and Mr He will focus on the mainland, they added.