HSBC, in the midst of building its investment banking globally, has made a key appointment, naming Rhydian Cox as head of corporate, investment banking and markets (CIBM), Asia Pacific.

Effective July 17, Cox will take on the newly created role in HSBCÆs Hong Kong offices and will report directly to Stuart Gulliver, head of HSBCÆs CIBM group. His appointment also comes a month after former co-head of CIBM, John Studzinski announced he will leave HSBC to join private equity firm Blackstone as a senior managing director and partner.

According to HSBC, CoxÆs move to Hong Kong is reflective of the regionÆs importance to its CIBM franchise. His appointment comes three years into its five-year plan to beef up its investment banking team and compete with other international rivals.

Cox has worked at HSBC for 22 years. Most recently, he was head of CIBM for HSBC Mexico. In the position, he played a major role in the the growth of this business.

Prior to his Mexico role, Cox was senior manager, corporate banking in HSBCÆs Hong Kong offices. He held this role between 1998 and 2003. While in Hong Kong, he was also chairman of the board of governors at the Matilda Hospital and honorary treasurer of the Hongkong Society of Rehabilitation.

Cox has also worked in Malaysia, South Korea, France and the UK. He began his career with the bank as a management trainee in 1984.