Callum Runcie was named sales director of HSBC Securities Services’ fund services team in London, confirmed spokeswoman Kate Cramer.
The position is new.
He will report to Tony McDonnell, head of European sales-alternatives.
Mr. Runcie was sales director-buy side at Sophis U.K. He has not been replaced, said spokeswoman Evelyne Ferreira; she wouldn’t say if Sophis is searching for a replacement.