HSBC boosts London efforts to be RMB hub

At a time of growing interest in offshore RMB-denominated funds, HSBC is adding talent to its London ranks as a way of capitalising on the trend.

Global investment bank HSBC has appointed Paul Gooding to lead efforts in cultivating London as an international hub for the RMB.

Gooding, who headed the bank's European credit trading for the last seven years, will work in conjunction with public sector officials, fellow banks and the larger HSBC network in building London as the Western gateway to a rapidly ascending Asia.

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