HSBC Expands Research Team

HSBC has added equity research analysts, with Leonardo Correa joining as a Sao Paulo-based senior vice president, covering LatAm metals and mining, the bank says. He previously worked as the regional sector head at Barclays, and follows recently-hired oil, gas and petrochemicals analyst Luiz Carvalho from the British bank. Also, Jonathan Brandt moves over to head pulp and paper coverage for LatAm, Eastern Europe, Middle East and Africa, coming from HSBC’s metals and mining team. Earlier this year, HSBC also hired three senior LatAm equity analysts, bringing on Sandra Boente from Deutsche Bank to covering the utility and water sectors, Alexandre Falcao from XP Investimentos for transport, infrastructure and industrials, and Francisco Schumacher from Deutsche for Southern Cone and Andean strategist.