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HSBC Names Andre Loes Chief Latin America Economist

26 May 2011

Loes and Team to Further Enhance HSBC's Latin America Economics Research

HSBC Global Research today announced it has appointed Andre Loes as Chief Latin America Economist. Based in Brazil, he reports to Patrick Boucher, head of Research for the Americas, and functionally to Stephen King, HSBC Group Chief Economist. In this new role, Loes will be responsible for developing regional themes and enhancing HSBC's Latin America economics research franchise. He will continue in his current role as Chief Economist for Brazil and the economics teams in Brazil, Mexico and Argentina will report to him.

Patrick Boucher, head of Research for the Americas at HSBC said: "Having built a strong reputation for quality Brazil economics coverage, Andre will be responsible for one of the world's fastest growing regions at a time when links between Latin American countries are expanding rapidly. The skills he brings combined with our local teams on the ground will allow us to further enhance the visibility of our Latin American economics franchise."

Loes joined HSBC as Chief Economist for Brazil in August 2008. Prior to that, he spent eight years at Santander Brazil, where he held several roles including Brazil Chief Economist, Head of Equities and Head of Equity Research. Earlier in his career, he was an aide to Brazil's foreign trade secretary.

William Duesler, Miami-Dade District Executive, HSBC Bank USA, N.A., said, "HSBC is proud to mark thirty years of serving the Miami Beach community. Since that time we have continued to meet the needs of business and personal customers across the region with a full suite of financial and wealth products and services."

Note to editors

The Hongkong and Shanghai Banking Corporation Limited

The Hongkong and Shanghai Banking Corporation Limited is the founding and a principal member of the HSBC Group which, with around 7,500 properties in 87 countries and territories and assets of US $2,455 billion at 31 December 2010, is one of the world's largest banking and financial services organisations.

HSBC Global Research

HSBC Global Research is a division of Global Banking and Markets, has over 500 staff in 20 countries both developed and emerging. HSBC Global Research specialise in four core product areas - currency, economics, equities and fixed income - with a particular emphasis on emerging markets and climate change.

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