HSBC S&T

Does anyone know anything about HSBC S&T? It seems they do not get much respect on here, especially for the NYC operation. I have heard that their classes tend to be small (~8-10 FT a year) and that analysts are able to get their hands on real work quicker than other banks which seems to be a positive to me. I talked to someone who got his book within 6-months of working there. Wondering if anyone had any opinions, especially in terms of strongest desks?

13 Comments
 

I've been on their NYC floor - not too big, but pretty cool. FX is in general a strong point for HSBC, and they were expressing a lot of interest in Rates and Credit, both G10 and EM. Struck me as a little disorganized, though.

The truth is you're the weak. And I'm the tyranny of evil men. But I'm tryin', Ringo. I'm tryin' real hard to be the shepherd.
 

you are right they arent huge, but there are rumours floating around that they are making a push forward in terms of putting on some risk. They have a huge presence in terms of funds flowing from Asia and ME, so it would be silly not to try and leverage that within their markets operations

In terms of getting your hands on stuff quicker, isnt a bank/desk specific thing, its an idnividual thing. If you are ready to run a book in 6 months and there is a spot, you will get responsibility. Responsibility is given when you show you can be trusted, not whether you are at a certain bank.

 
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derivstradingyou are right they arent huge, but there are rumours floating around that they are making a push forward in terms of putting on some risk. They have a huge presence in terms of funds flowing from Asia and ME, so it would be silly not to try and leverage that within their markets operations

In terms of getting your hands on stuff quicker, isnt a bank/desk specific thing, its an idnividual thing. If you are ready to run a book in 6 months and there is a spot, you will get responsibility. Responsibility is given when you show you can be trusted, not whether you are at a certain bank.

It seems like HSBC's hong kong and singapore offices are doing much more interesting work in trading than the NYC office.

 

Hello mbavsmfin,

Why do you think the Hong Kong and Singapore desks are doing something more interesting than New York?

happyivey

 

If you don't have anything else of course take it. HSBC has a good fx business in London and has a large international presence which would seem to lend itself to a solid FX franchise, particularly with respect to their well established Asian presence which should make them poised to capitalize on the growth of the fx business over there. Particularly as china opens up.

 

If you don't have anything else of course take it. HSBC has a good fx business in London and has a large international presence which would seem to lend itself to a solid FX franchise, particularly with respect to their well established Asian presence which should make them poised to capitalize on the growth of the fx business over there. Particularly as china opens up.

 

lol if you don't have other options, what's the point of asking........

I don't accept sacrifices and I don't make them. ... If ever the pleasure of one has to be bought by the pain of the other, there better be no trade at all. A trade by which one gains and the other loses is a fraud.
 

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