HSBC Appoints Seven For Expansion in US

HSBC, in the throes of building an investment banking business in the US, has hired seven senior traders to work in Boston and New York.

The seven are: Neil Bloomgarden, Thomas Terzulli, Aidan Toomey, Sean McDonald, James Reidy, Christopher Taylor and John Donovan.

Five will be based in New York, and Reidy and Taylor will be based in Boston.

John Studzinski and Stuart Gulliver, co-heads of investment banking at HSBC, started putting the equities department back together last year, after the bank axed around 400 jobs in 2003.

The hires also come just days after the bank hired George Foussianes from Goldman Sachs to head its mergers and acquisitions advisory group in the US. He was the third senior Goldman banker to join HSBC in the past 12 months.

Of the latest hires, Bloomgarden and Toomey have joined as managing directors and senior sector traders, while McDonald and Reidy will take positions as managing directors and senior sales traders.

Terzulli has taken a role as a senior vice president and senior sector trader; Taylor, as a vice president and sales trader; and Donovan as a senior vice president and senior sales trader.

Bloomgarden was previously a proprietary equity trader at First New York Securities, Terzulli joins from Goldman Sachs and Toomey and McDonald were most recently at Merrill Lynch.

Reidy spent the past two years at Schwab Soundview Capital Markets and was previously an institutional sales trader at Merrill Lynch. Taylor joins from UBS and Donovan from Deutsche Bank, where he spent eight years as director of international and domestic sales trading.