HSBC snares Desselberger

Desselberger replaces Martyn Brush, who is moving into a new position as head of derivatives business management. Both report to Mike Powell, treasurer designate in Europe.

When Desselberger joins HSBC, at a date yet to be decided, he will manage the bank’s 30-strong global currency options team and will be responsible for the "strategic development of the business". He has 10 years’ derivatives experience, having worked at the Credit Suisse Group and the former Bankers Trust before his stin