Nicolas Descostes
About Nicolas Descostes
Nicolas Descostes serves as the Operations Manager for Trading at HSBC Global Banking and Markets, where he oversees workflow automation and client service for institutional clients. He has a background in economic and financial history and extensive experience in fixed income and future management.
Work at HSBC
Nicolas Descostes has been employed at HSBC Global Banking and Markets since 2007, initially serving as a senior manager in fixed income and future management for six years. He transitioned to his current role as Operations Manager Trading in 2019. In this position, he oversees team operations related to trading products and manages offshore sites. He has played a key role in implementing workflow automation for margin calls, enhancing operational efficiency within the organization.
Education and Expertise
Nicolas Descostes studied at Université Vincennes-Saint-Denis (Paris VIII) from 1997 to 2002, where he focused on Étude des sciences humaines and earned a Niveau maitrise en histoire économique et financiere. Additionally, he has been pursuing further education at EUREX since 2015, specializing in OTC and obtaining Eurex clearing certification. His expertise includes controlling and validating margin call agreements such as ISDA, FBF, and DRV for HSBC France.
Project Management Experience
In his role at HSBC, Nicolas Descostes led the project management for the application of EMIR technical standards, focusing on risk-mitigation techniques for OTC derivative contracts that are not cleared by a Central Counterparty (CCP). This initiative demonstrates his capability in managing complex regulatory projects within the financial services sector.
Client Service and Team Management
Nicolas Descostes is responsible for establishing client service for institutional clients within the collateral team at HSBC. Under his leadership, the team achieved a ranking of first in Europe by Maclagan Zyen for business optimization. He manages team operations, ensuring effective collaboration and performance in the trading sector.