HSBC Appointed for Clearing, Makes Sales Appoinment in Asia Pacific

Newedge has mandated HSBC for its multi-currency clearing capability, superior channel connectivity and ability to support Newedge’s expanding business with its dedicated client service team. HSBC’s integrated solution improves processing efficiencies and treasury control from its regional office in Hong Kong and operations in Japan.

Newedge is a 50/50 joint venture between Société Générale and Calyon, offering global, multi-asset brokerage services across a broad range of listed and over-the-counter derivatives and securities. With a presence in 25 locations, Newedge provides access to more than 85 exchanges.

Additionally, HSBC has appointed Cam Adams as sales team leader, financial institutions and public sector, Global Payments and Cash Management, Asia-Pacific, HSBC. In this role, he is responsible for delivering consultative solutions to non-banking financial institutions, correspondent banks and public-sector clients in Hong Kong as well as business strategy for HSBC’s Asia-Pacific financial institution payments and clearing.

Adams has more than 20 years of experience in banking and has held several roles within HSBC Global Payments and Cash Management, including head of sales management, Asia-Pacific and head of New Zealand.

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