UK - HSBC has appointed Markus Herrmann as director, fixed income credit research, within its corporate, investment banking and markets business, starting June 2003.
Herrmann will be the lead analyst responsible for coverage of the structured, asset backed and CDO markets and will report to Frances Hutchinson, managing director, credit research.
Herrmann joins from Deutsche Bank in London, where he was vice president and senior analyst covering European securitisation research.
He began his career at Deutsche Bank in 1996 as a credit strategist responsible for coverage of the Pfandbrief market.
Samir Assaf, managing director, fixed income, said: “Markus’s appointment is an important step in HSBC’s strategy to grow its securitisation, credit derivative and CDO franchise and to expand the range of services we offer to our corporate and institutional clients.”
The British Medical Association (BMA) has warned chancellor Philip Hammond to reform the NHS pension scheme rules or doctors will reduce their working hours.
The lifetime allowance should be scrapped and replaced with a lower annual allowance, last week's Pensions Buzz respondents said.
Action for Children Pension Fund has outsourced its pensions administration to Trafalgar House.