HSBC builds out London RMB centre
HSBC has appointed Paul Gooding to lead the bank's efforts to develop London into a centre for the trading of offshore renminbi, complementing Hong Kong's established role in this market in the Asian time zone.
Gooding, who takes on his new appointment today, was previously HSBC's European head of credit trading. In his new role, he remains in London and reports locally to Spencer Lake, co-head of global markets in the UK.
The appointment comes after a January 16 meeting between UK chancellor of
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