HSBC has named Kevin Logan as US chief economist within the research division of its global banking and markets business. He will report to Patrick Boucher, head of research for the Americas, and functionally to Stephen King, HSBC Group chief economist.

Based in New York City, Mr Logan will be responsible for US economic forecasts and publication of key economic research for the bank’s institutional client base across the world. Specifically, he will look at how US economic developments impact other markets and how other markets, especially emerging markets, are affecting US economic trends and data.

Most recently, Mr Logan served as director and senior market economist responsible for US economic forecasting at Dresdner Kleinwort for more than 12 years. Prior to this, he was the US chief economist for Swiss Bank (now UBS) from 1992 to 1996. He began his financial markets career with Citicorp in 1984.

Patrick Boucher, head of research for the Americas at HSBC, said: “The US continues to be one of the largest investment markets and an important part of global economic data. Kevin, who has been a financial market economist for 25 years, is an important addition to our global economic team. Our clients will benefit greatly from his insights and knowledge base.”