HSBC Securities Services in Luxembourg appoints Riccardo Millich

HSBC announced the appointment of Riccardo Millich as Sales Director, HSBC Securities Services (HSS) in Luxembourg. Riccardo reports to Nick Maton, Head of Securities Services, HSBC in Luxembourg.

 In this newly created role, Riccardo will be responsible for building HSS’s local sales strategy and supporting its business growth with all countries and asset classes in scope of UCITS and AIFMD. Riccardo will collaborate closely with the HSS teams across the US, EMEA and Asia to best support client global growth ambitions.

 Paul Heffernan, Head of Cross Border Sales, HSS Europe, commented: “The Group sees strong opportunities for growth in Luxembourg. Riccardo and I will be working closely together to leverage HSBC’s cross border business, supporting our full service, cross-product and multi-jurisdiction solutions”.

 Riccardo joins HSBC with in excess of ten years’ experience advising asset managers and asset owners globally in setting up investment funds in Luxembourg. He has also held Directorship positions in Luxembourg UCITS and Alternative Investment Funds.

 Commenting on Riccardo’s appointment, Nick Maton said: “We have clear growth ambitions for HSS in Europe and the recruitment of Riccardo as Sales Director will help connect HSBC’s clients to our global product offering.”