Europe's biggest bank by assets has hired Mike Tyndall from Citigroup in London to cover mid-cap industrials and industrial technology, and Dan Cowan from Investec to cover mid-cap commercial services, it said in a statement.

It has also poached Anand Date from Deutsche Bank and Joe Spooner from Jefferies, and Doriana Russo from JPMorgan for its U.K. mid-cap equities research team, said the HSBC statement.

HSBC said the U.K. small and mid-cap market was valued at half a trillion pounds but it was not widely covered. The new hires would address the gap between the investment requirements of small and mid-cap firms and institutional investors, it said.

In Asia, which accounted for 75 percent of HSBC's overall profits in the September quarter, the bank named Hong Kong-based York Pun as the regional head of small and mid-cap equity research.

The team, led by Pun, will focus on ASEAN, China, and Hong Kong-listed companies and add 150 small and mid-cap firms to its coverage. HSBC has also hired Jeremy Fialko for business management and Dylan Whitfield as head of forensic accounting.

(Reporting by Sumeet Chatterjee; Editing by Amrutha Gayathri)