Nico Torchetti has joined HSBC Securities Services (HSS) as head of product development for its global sub-custody and clearing business, iss-mag reports. He will be based in Hong Kong.

Torchetti will be in charge of the expansion of the sub-custody and clearing product suite with a specific focus on broker-dealer outsourcing. Before joining HSS, he worked at Deutsche Bank as head of direct securities services, Hong Kong and head of broker dealer coverage, Asia.

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