HSBC strikes back at ANZ by poaching Asia head of trade

Bruce Alter has joined HSBC's trade team as head of trade and supply chain for China, jumping from ANZ and replacing Sohfern Boey who has been named head of sales for the bank's trade and supply chain business in Hong Kong.

The hiring of Alter comes after the Australian institution poached HSBC's Asia-Pacific head of trade and supply chain, Mark Evans, for its own budding regional transaction banking business in June 2009. Simon Constantinides replaced Evans in August. Other executives ANZ has lured away from HSBC in recent years include Susan Yuen, former managing director of corporate and institutional banking in Malaysia, and Chris Page, former Asia-Pacific chief credit officer.

In his...