HSBC’s Hong Kong sales star has re-appeared, in a bigger job
Leaving HSBC is a pretty normal thing to do. People do it all the time, especially in Europe, where the bank is rolling back on banking. But if you’re a trader in Hong Kong, where the bank has had great success and pumped its bonus pool, it's more unusual.
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Wan Sze Loh joined Australia and New Zealand Banking Group, commonly known as ANZ, as its head of Asian markets, based in Hong Kong. According to the Hong Kong Monetary Authority (HKMA), she joined ANZ last Friday, having left her previous employer HSBC – in April.
Loh spent almost nine years at HSBC before leaving the firm. A colleague at the time told us that she ran “everything” on HSBC’s Asian institutional sales desk, from currencies to rates to equities.
Head of Asian markets at ANZ is a bigger job than head of Asian institutional sales at HSBC. It probably wasn't a hard sell to make for Loh. Her old job at HSBC was picked up by Patrick Boumalham, who is doing it alongside his old one (global head of wealth sales).
ANZ, ostensibly an Australian retail bank, has a pretty strong markets team. Nomura, ostensibly a Japanese investment bank, is very fond of ANZ traders; we reported earlier this year that many had left ANZ for Nomura. Loh might need to tie people down.
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