HSBC Securities Services has appointed Clive Triance as head of broker-dealer middle office insourcing and Lloyd Ushe as director of broker-dealer middle office infrastructure.
They have joined the broker-dealer outsourcing team, which is a part of HSBC Securities Services’ sub-custody and clearing business, from execution, clearing, middle-office outsourcing and settlement services provider Penson Europe, where Triance was CEO and Ushe was chief technology officer.
Former Instinet Europe, Citi and Cantor Fitzgerald executive Triance will be based in London, while Ushe, who previously worked as a consultant at Société Générale, will be based in Hong Kong.
HSBC Securities Services offers broker outsourcing services in Hong Kong, Japan, Singapore, Australia and Thailand and is extending to other markets as regulations permit.
The new hires will help HSBC to extend the outsource capability that it can offer its broker-dealer clients into post-execution services.
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