Spotlight on: Joe Norena and Jacqueline Liau, HSBC
In the second half of 2009, HSBC began developing a foreign exchange prime-brokerage platform, and in May 2010 formally launched FX Prime as part of a bid to become a top-three player in foreign exchange. Jacqueline Liau, formerly director in the FX and rates prime-brokerage business at Deutsche Bank in New York, relocated to London in November 2009 to join HSBC, reporting to Joe Norena, who oversees the FX Prime platform. With the possibility that clearing of FX derivatives might become
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