HSBC Adds Four Analysts to Its Latin America Research Team in Brazil

HSBC Adds Four Analysts to Its Latin America Research Team in Brazil

NEW YORK & SAO PAULO--(BUSINESS WIRE)-- HSBC today announced it has added four equity analysts to its Latin America research team as part of the bank's continued leadership in providing high quality emerging market research. The analysts will enhance coverage of the Latin American metals & mining and energy sectors.

"We are pleased with the range of expertise these professionals bring to their respective roles which will allow us to provide the global insights our clients have come to expect from us," said Ben Laidler, Head of Research for the Americas. "This investment in the Latin America research platform will allow HSBC to deepen its coverage of these important sectors."

Luiz Carvalho has joined HSBC as a Vice President responsible for covering the Latin America oil, gas, and petrochemicals sectors. Based in Sao Paulo, Carvalho brings a wealth of experience to this important role having worked in the oil & gas industry at Shell and Transocean. Most recently, he was an energy analyst at BTG Pactual where he was a member of the top Institutional Investor ranked energy research team in 2012. He is a graduate in industrial engineering from the University of Rio de Janeiro, and speaks English, Portuguese, and French. Filipe Gouveia has also joined HSBC as an Associate, from Barclays, to support Luiz Carvalho in oil & gas research coverage.

Based in Sao Paulo, Leonardo Correa has joined as a Senior Vice President responsible for covering the Latin America metals & mining sector. Correa is a well-established analyst in this key sector, and will be responsible for further enhancing the coverage of the sector. In this role, he will also serve as an important link into HSBC's global sector coverage. He has eight years sell-side research experience. Most recently, he was the regional sector head at Barclays, where he was an Institutional Investor survey ranked analyst, and previously he was an analyst covering metals and mining at Credit Suisse. He is an Economics graduate from IBMEC University in Sao Paulo. Luiz Fornari has also joined HSBC as an Associate, from Barclays, to support Leonardo Correa in metals & mining research coverage.

Luiz Carvalho and Leonardo Correa will report to Ben Laidler, Head of Research for the Americas, and locally to Alexandre Gartner, Head of Brazil Equity Research.

Jonathan Brandt will transition from his current Latin America metals & mining role, to lead coverage of the pulp & paper sector in Latin America and Eastern Europe, Middle East, & Africa. This is a new sector of coverage for the firm, as HSBC looks to strengthen its natural resources coverage.

These key hires continue the expansion of HSBC's Latin America research team, following the appointments earlier this year of Alexandre Falcao (Transport, Capital Goods, and Agribusiness), Sandra Boente (Utilities), and Francisco Schumacher (Southern Cone & Andean Strategy).

HSBC's Latin America research team now consists of 25 senior analysts, equity strategists, and economists covering over 150 stocks across the region's six main markets -Argentina, Brazil, Chile, Colombia, Mexico, and Peru - from research offices in Sao Paulo, Mexico City, Buenos Aires and New York City.

Notes to editors:

HSBC Bank USA, National Association, with total assets of $186bn as of 31 December 2012 (US GAAP), serves 3 million customers through retail banking and wealth management, commercial banking, private banking, asset management, and global banking and markets segments. It operates more than 250 bank branches throughout the United States. There are over 165 in New York State as well as branches in: California; Connecticut; Delaware; Washington, D.C.; Florida; Maryland; New Jersey; Pennsylvania; Oregon; Virginia; and Washington State. HSBC Bank USA, N.A. is the principal subsidiary of HSBC USA Inc., an indirect, wholly-owned subsidiary of HSBC North America Holdings Inc. HSBC Bank USA, N.A. is a member of the FDIC.

Global Banking and Marketsis an emerging markets-led and financing-focused business that provides tailored financial solutions to major government, corporate and institutional clients worldwide. HSBC manages its Global Banking and Markets operations as a global business and maintains offices in more than 60 countries and territories. Global Banking and Markets offers clients geographic reach and deep local knowledge. In the United States, it offers a full range of tailored financial products and services through the HSBC Bank USA, N.A. and HSBC Securities (USA) Inc.

HSBC Holdings plc, the parent company of the HSBC Group, is headquartered in London. The Group serves customers worldwide from around 6,900 offices in over 80 countries and territories in Europe, the Asia-Pacific region, North and Latin America, and the Middle East and North Africa. With assets of US$2,721bn at 30 September 2012, the HSBC Group is one of the world's largest banking and financial services organisations.

HSBC
Media inquiries:
Juanita Gutierrez, 212-525-6282
juanita.gutierrez@us.hsbc.com
or
Chrystiane Silva, +55 11 3847-9339
chrystiane.m.silva@hsbc.com.br

KEYWORDS: United States Brazil North America South America New York

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