HSBC has appointed a former co-head of equity finance at Deutsche Bank as head of prime services sales, America, as it completes the final step in establishing a global platform in prime services, which it unveiled in July 2009.

Paul Busby joins after 18 years at Bankers Trust and Deutsche Bank, most recently as managing director and co-head of equity finance Americas, HSBC said in a statement. He will report locally into Tom O'Leary, head of equities, Americas, and to Chris Barrow, global head of prime services sales.