The project manager for HSBC Securities Service’s Westpac transition is indefinitely moving to Greece as head of securities services.
Kon Vazouras will be responsible for the development and ongoing service standards for the security service business in Greece and the provision of remote custody for dematerialised securities on the Cyprian market. His most recent role was as project manager for HSBC which involved acquiring the Westpac sub-custody business in Australia and responsibility for its subsequent transition to HSBC. The project is now complete and Vazouras will not be replaced in Australia. Vazouras joined HSBC in early 2005 and prior to that was with AMP.
21/08/2007
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Investments
AustralianSuper's chief liquidity officer Chandu Bhindi has publicly proposed the idea of allowing some super funds to directly use leverage, enabling them to better manage liquidity requirements in crisis situations rather than being forced to sell assets at stressed prices. While the idea has some merits, overall it is not necessary and could increase system risk.
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