HSBC hires Melvyn Ford to head Asia hedge-fund coverage

Former prime broker Melvyn Ford has moved to HSBC in Hong Kong as a managing director in the financial institutions group, global banking -- a newly created role. He will run hedge-fund coverage in the Asia-Pacific region, reporting to Andrew Roberts, global head of hedge-fund coverage in London. Ford will build on senior relationships with hedge funds, frequently ones HSBC already has by virtue of, for example, its custody and private-banking operations. He will try to steer hedge-fu…