HSBC Holdings, the largest European bank by assets, plans to
double its Asia-Pacific prime finance team’s cut of hedge-fund assets in the
coming year, Melvyn Ford, regional head of the business told Bloomberg.
It is part of a target to improve its standing by two places
to the region’s sixth-largest prime broker over the 12 months, Ford said in an
interview in Hong Kong yesterday. HSBC was
ranked eighth in its first full year in a survey by trade journal AsiaHedge
released this month….
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