New York Times – The investment banking chief of HSBC Holdings said he sees a “significant opportunity” to boost revenue from hedge funds after the collapse of Lehman Brothers last year, Bloomberg News reported.
At a Nomura Holdings conference today, Stuart Gulliver said, “We’ve seen a number of hedge funds moving their accounts to HSBC because their main concern is getting their money back. We can give people leverage in a segregated account, so they don’t have the operational risk that came out when Lehman Brothers failed.”
