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HSBC, which aspires to be a top-three player in FX, is now taking steps to update its e-commerce offering. To that end, it has appointed Richard Anthony to the new role of head of e-risk of FX and metals. Anthony, who will start in January, was previously global head of e-FICC at Dresdner Kleinwort.
In an internal memo sent to staff, Freddy Boillereau, HSBC’s global head of FX and metals, said: "Richard will ensure the efficient management of the global FX e-flow, including the electronic pricing of FX and effective management of risk across all FX e-distribution channels."
Boillereau added: "He will be responsible for setting our pricing and risk management strategy in partnership with trading, sales and e-distribution in order to increase our market presence in the electronic flow business. The growth of our e-commerce business and delivering a best-in-class online offering for our FX and metals products across HSBC’s network is a key strategic objective for us in servicing our clients and for our FX prime services business."