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Career Path: Associate

Peter Redston
Peter Redston
Associate, Emerging Markets Currency Group
HSBC

An Economics graduate from Durham University, Peter has been an associate with HSBC for two years, and has spent time working in New York, Hong Kong and London.

Q: Can you describe your globe-trotting career at the bank so far?
After graduating, I spent two months at HSBC in London, where I did the basic training course and all the regulatory exams. Then I headed to New York for eight months training on the bond origination desk. From there, I went to Hong Kong for another six months training on the institutional sales desk covering everything from treasuries to derivatives. Then I moved back to London, where I’ve been trading FX products ever since.

Q: What does your current role involve?
I trade emerging market forward books. Put simply, these are currency products based on the differential between two countries’ interest rates.

Q: Does everyone at HSBC get to work abroad during training?
It’s not mandatory, but you’re encouraged to spend at least one of the three six month placements abroad.

Q: Do you plan to move again?
Not immediately. I’ve finished the rotation programme, and I now intend to spend some time in London, which is the largest global centre for FX, and probably the best place to expand my experience of the market.

Q: What’s the best thing about working overseas?
The diversity it offers. People in different parts of the world have different ideas about business, and it gives you a great perspective on that. Plus it gives you a chance to meet your colleagues internationally.

Q: Was it all work and hardly any play?
Not really! I had a fair bit of time to experience the countries where I worked. In New York, HSBC provided accommodation on 58th Street and 5th Avenue, which was great as it was so central. I grew up in Hong Kong, so it wasn’t so new to me, but I had a great lifestyle there too, and there were plenty of opportunities to visit other parts of Asia.

Peter’s tips
  • Choose the bank you work for carefully – not all offer such great scope for working overseas as HSBC.
  • Don’t just go somewhere for the location – look at where you can get the best experience and opportunities in the area of financial markets that most interests you.


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