Capital Markets: Agenda - Tony Murphy And Joseph Petri - Others May Doubt That HSBC Can Punch Its Weight In Investment Banking, But The Heads Of HSBC Securities USA And Global Markets, Americas, Tell Geraldine Lambe That HSBC Is A Work In Progress.(Interview)

Banker, The, June, 2005 by Lambe, Geraldine

In the past year, HSBC has moved from 14th place in the US investment grade debt capital markets (DCM) league tables to number nine. It now sits at fifth place in the Latin American DCM tables and has a long list of notable transactions. HSBC's advertising stresses its combination of local knowledge and global reach - and this is what differentiates the bank from its competitors, says Tony Murphy, chief executive of HSBC Securities USA and co- head, Corporate, Investment Banking and Markets, Americas. HSBC knows its strengths, he says, and is playing to them in order to build the investment bank. "Our edge is cross-border reach and local distribution franchises."

Of the 500 people hired at the investment bank in the US in the past three years, the emphasis has...

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