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Paul Hamill, HSBC Prime Services, interview

29 March 2012


Paul Hamill, global head of prime services at HSBC, believes his firm's hybrid custody and prime brokerage model has an advantage in the post-Lehman world. Stephanie Baxter asks him about how his business has evolved since its creation in 2009

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Paul Hamill joined HSBC in September 2011 to drive the development of its hybrid custodian and prime brokerage model. He has worked in securities finance for more than 16 years and has been in the financial services industry since 1985. He played key roles at Bankers Trust International, ING and then Citadel, before embarking on an innovative business proposition for diverse asset management in 2010 in the form of Foxley Asset Management which did not come to fruition. Prior to joining HSBC, you planned to start up Foxley Asset Management with Grant Thompson to merge hedge fund managers with a traditional asset manager. What was the idea behind that? After the crisis, I looked to see where the asset management industry was heading. It was very clear that a lot of things had changed with prime brokers, hedge funds and investors. One of the key things was that critical mass...