Customers look to HSBC for stability
"We provided a very strong service to the clients despite the market backdrop," said Andrew Brown, global head of foreign exchange at HSBC in London. "Clients have an expectation of HSBC and we have to ensure that we are where our clients want us to be all the time. "
Market de-leveraging in emerging markets caused an unexpected shift of volumes from exotic foreign exchange products to vanilla products, said Adrian Boehler, head of FX and commercial sales for Europe, the Middle East and Africa
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