Sec lending trading head departs HSBC

Grant Mackenzie has left his role at HSBC having initially joined the bank in 1996.

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.