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HSBC Holdings has hired Lawrence Xu from Goldman Sachs to be in charge of European financial credit trading.
According to sources, HSBC Holdings has hired Lawrence Xu from Goldman Sachs to serve as the head of European financial credit trading. Two sources indicated that Xu, based in London, will assume his position next week and report to Ben Hasted, head of European investment-grade credit trading. A spokesperson for HSBC confirmed the news. A representative from Goldman Sachs declined to comment. Xu did not respond to requests for comment on LinkedIn. According to his LinkedIn profile, Xu has been a credit trader at Goldman Sachs for over seven years, trading subordinated bonds issued by banks, insurance companies, and non-financial corporations. Prior to this, he was with Deutsche Bank.