With the hiring of a new managing director to run its term securitization effort, and an affiliated issuance unit that has rival bankers jealous, HSBC Securities aims to become a full-service ABS shop for both its issuer and investor clients. HSBC will try to integrate its securitization operations into its more traditional strengths in unsecured debt and global investment banking.

"Securitization is becoming an increasingly global industry," noted managing director Jon Bottorff. "We aim to be an integrated, full-service shop for our corporate and institutional investor clients."

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