HSBC has acquired the high profile Ferdy Khouw as its new head of fixed income sales for Asia-Pacific. Khouw joins the firm more than a year after he left Citigroup to pursue personal interests in Australia. He officially resurfaces in the finance world on April 26 and reports to Tarun Kataria, HSBC's head of sales, Asia-Pacific.

At Citigroup Khouw was most recently managing director and regional head of investor sales, Asia-Pacific. During his twelve years with the US firm, Khouw also held the senior positions of regional head of sales, Asia-Pacific, treasurer, Citibank Indonesia and head of FX sales, Australia.

Khouw will be based in Hong Kong and lead the Hong Kong bond sales team as well as manage the in-country heads of fixed income sales. he replaces Archie Tsim, who moved to Hong Kong Exchanges and Clearing Limited, where he has taken on the role of senior vice president and special adviser to the head of listing.

HSBC also announced yesterday that it has hired Paul Lai as head of Hong Kong coverage for investment banking advisory. Lai makes the move from UBS, where he was most recently executive director, Hong Kong coverage. His resume also includes three years with ABN AMRO Hong Kong and six years in the US working in real estate development, equity research and financial consulting.

At HSBC he will hold the title of MD.