John Millward, a director of structured finance at HSBC Holdings Plc (HSBA), has been appointed co-head of covered bonds at the bank in London.
He will work with current co-head Hugo Moore and report to Scott Dickens, global head of structured finance, said Shani Halstead, a spokeswoman for HSBC in London.
Millward joined HSBC in 2006 and is also responsible for structured finance in the U.K., Ireland, Scandinavia and the Netherlands, Halstead said.
Millward replaces Michael McCormick, who is moving to Credit Suisse Group AG as head of covered bond origination next month.
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