One of HSBC’s longest servicing securities lending traders has departed, The Trade understands.
Grant Mackenzie, head of trading on the agency securities lending desk, left in May, ending his 20-year spell at the bank.
Based in London, Mackenzie covered HSBC’s global equities and bond trading on the agency lending desk.
A spokesperson could not confirm his departure at the time of print.
HSBC’s securities lending team has seen a reshuffle over the past couple of years, following the relocation of its global head of securities lending, Roy Zimmerhansl, from London to Hong Kong in 2015.
The move marked a huge shift in attitude towards the securities lending market in Asia, particularly towards China, while the European market had slowed down.