HSBC is expanding its Australian sales team with the appointment of Sinclair Scholfield as head of sales and client management for its securities services business in Australia and New Zealand. Scholfield spent the last 18 years at State Street, where he was most recently head of platform solutions for Asia Pacific. HSBC estimates that it handles some 70pct of inbound flows to Australia through its sub-custody business, and now wants to grow its outbound flows.
