HSBC set to support stock lending and derivatives in Middle East
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).
Last month, the UK bank started offering this product pursuant to opportunities arising from an outsourcing deal involving Nasdaq Dubai and the Dubai Financial Market.
Das, who started his new role on August 1 and remains in Dubai, will be keep…
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