HSBC in New York has lost Mark Overley, head of structured fund products marketing, but also added a raft of staffers including John Tobin, who fills a new spot as managing director and head of equity derivatives trading, from Wachovia. The reasons behind the comings and goings could not be ascertained.Juanita Gutierrez, HSBC spokeswoman, declined comment. Overley, along with a recently departed underling Ming Ming Lau, have been connected to roles at Citigroup, where Samir Mathur, head of structured products, and Danielle Romero-Apsilos, spokeswoman, did not return calls.
Aside from Tobin, the firm has filled a number of other new spots: Mike DeSantis joins as a senior v.p. and senior marketer in structured fund products from Morgan Stanley Investment Management; Larry Smith as head of corporate structuring for equity derivatives in the Americas from CBM Capital; Christina Qian is a v.p. and structurer in structured fund products from Bear Stearns; and Alana Bergstein has come on board as a v.p. and structurer in corporate equity derivatives from Silverback.