(Updates with Godall’s previous role in second paragraph.)

Feb. 7 (Bloomberg) -- HSBC Holdings Plc appointed Asif Godall as head of European credit trading, replacing Paul Gooding who will help develop London as a Chinese currency trading hub.

Godall, who was HSBC’s co-head of global macro strategies, will report to Niall Cameron, the global head of credit trading, HSBC said in a statement. Godall aims to boost integration of credit trading with other fixed-income areas including debt capital markets and risk management.

Paul Gooding, who headed European credit trading for seven years, will represent HSBC in the U.K.’s public and private sector plan to make London an offshore renminbi center, according to the statement. Gooding will report to Spencer Lake, co-head of global markets.

--Editors: Andrew Reierson, Michael Shanahan

To contact the reporter on this story: Esteban Duarte in Madrid at eduarterubia@bloomberg.net

To contact the editor responsible for this story: Paul Armstrong at parmstrong10@bloomberg.net