EUROPE/UK - HSBC has appointed Ferruccio Ferrara as European head of FX derivative marketing.
He will join the global FX derivatives team within HSBC’s corporate, investment banking and markets unit today and will be based in London.
Ferrara brings some fifteen years experience to HSBC, most recently working in Deutsche Bank’s global corporate finance division.
Martyn Brush, HSBC’s global head of FX derivatives, said: “The combination of [Ferrara’s] appointment and that of Chris McHugh, who joined us earlier this month, strengthens the platform from which HSBC can offer superior risk management advice and high level structuring services to both corporate and institutional clients. This appointment is the second of several anticipated in our expanding FX derivatives business.”
Most respondents in this week's Pensions Buzz do not think businesses should be able suspend AE contributions if in financial distress.
Former BHS owner Dominic Chappell has lost the appeal against his section 72 conviction and sentence for failing to hand over information to The Pensions Regulator (TPR).
This week's top stories include Marsh and McLennan Companies agreeing to buy JLT, and the home secretary calling for AE to be scrapped in a no-deal Brexit scenario.
Lesley Titcomb says the watchdog wants closer interactions with pension funds to spot problems sooner and act before having to use its more stringent powers