James Leman was hired by HSBC Securities (USA) Inc. to strengthen its electronic trading business in the United States. Leman joined as managing director, head of execution trading for the Americas, the brokerage firm announced on Thursday.
In his new role, Leman will be responsible for all programs, algorithmic and direct-market access trading performed on behalf of institutional and corporate clients.
Prior to joining HSBC, Leman was president of SunGard's BRASS business unit where he managed a range of broker/dealer sell-side products, including BRASS, Broker Direct, U2 and UMA, among others, the release stated.
Leman, who will be based in New York, is an industry leader in electronic trading, with 22 years of experience. From 1992 to 2004, he spearheaded Citigroup/Salomon Brother's global electronic trading and connectivity. At Salomon, he was a founding member of the Financial Information Exchange (FIX) protocol. Leman began his career at New York Stock Exchange in 1972.
Leman will report to Kevin Bourne, global head of execution trading and Anthony Murphy, chief executive officer at HSBC Securities (USA) Inc.