HSBC set to support stock lending and derivatives in Middle East

Aug 9, 2010

Arindam Das, the new head of HSBC Securities Services for the Middle East and Africa, also plans to expand the firm's agency clearing product in the Gulf region.

HSBC Securities Services (HSS) hopes to expand on its agency clearing product whereby it provides back-office support to broker-dealers for clearing trades in the Middle East, says Arindam Das, the new head for the Middle East and Africa (MEA).

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