Published by Global Banking & Finance Review®
Posted on April 13, 2026
2 min readLast updated: April 14, 2026
Add as preferred source on GoogleHSBC is hiring Mark Augustynak from ICBC Standard Bank to lead its global metals trading business, with a start expected in mid‑2026. This follows the departure of former head Vincent Domien, who joined ICBC Standard after a short stint at crypto firm Tether.
By Polina Devitt
LONDON, April 13 (Reuters) - HSBC, one of the world's largest bullion-trading banks, is hiring Mark Augustynak, a metals trader at ICBC Standard Bank, to head its global metals trading business, two sources with knowledge of the matter told Reuters.
HSBC, along with ICBC Standard Bank, JPMorgan and UBS, is a market maker and clearer in London, the world's largest over-the-counter gold-trading hub, where market players trade directly with each other rather than via an exchange.
Augustynak, with 20 years of experience in linear precious metals trading, is expected to join HSBC in mid-2026, one of the sources said.
HSBC did not immediately reply to a Reuters request for comment sent outside normal business hours.
HSBC has been searching for a new head of metals trading after Vincent Domien left the bank in late 2025 to join crypto group Tether, an active gold investor nL1N3YT0FN. Tether let Domien go in March, sources told nL1N40J0T4 Reuters last month.
Domien is now set to join ICBC Standard Bank as its head of metals trading, the two sources said.
(Reporting by Polina Devitt; Editing by Veronica Brown and Chizu Nomiyama )
HSBC has hired Mark Augustynak, a metals trader from ICBC Standard Bank, to head its global metals trading business.
Mark Augustynak is expected to join HSBC in mid-2026.
HSBC searched for a new head after Vincent Domien left the bank in late 2025 to join Tether.
HSBC is a market maker and clearer in London, the world's largest over-the-counter gold-trading hub.
Vincent Domien left HSBC for Tether, was let go, and is now set to join ICBC Standard Bank as head of metals trading.
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