HSBC hit by departures in FX

Claus Skrumsager left the bank's London office, where he worked as head of corporate sales. It is thought he has not been replaced. Skrumsager had worked for HSBC since July 2004, when he joined from Deutsche Bank. HSBC's London office has declined to comment on the departure.

The bank is also rumoured to have lost Ed McGahan and Sameer Oweida, members of its institutional FX sales team. Both are believed to be heading to Credit Suisse.

In Hong Kong, the bank saw the departure of Paul Absalom