Asarco's former principle Creditor (Harbinger group) tied to HSBC bank through ....

Tony Pace

Title:  Controller at Harbinger Capital Partners

Demographic info:  Greater New York City Area | Financial Services

Current:  Controller at Harbinger Capital Partners, U.S. Head of Fund Accounting and Financial Reporting at HSBC, Alternative Fund Services

Past: VP Fund Treasurer at Reich & Tang Funds, Director of Client Service Group at GlobeOp Financial Services, Controller – Director of Mutual Fund...

Education: Hofstra University

http://www.linkedin.com/title/financial+controller/at-hsbc/

See also: http://arabnews.com/economy/article482990.ece
"HSBC’s China gold futures foray... By REUTERS
Published: Aug 4, 2011 17:24 Updated: Aug 4, 2011 17:24
SHANGHAI: China giving HSBC Holdings Plc entry to its gold futures market, a first for a foreign bank, is likely a [predictor] of a further opening to local and overseas institutions to trade the precious metal.....China’s moves to free up its gold market will not only create more trading opportunities for foreign banks, but it will also allow them to tap growing local demand for gold investment products.....By letting in HSBC, one of the world’s leading gold trading houses, the SHFE will pave the way for more foreign and local banks to join the market — a big step toward the liberalization of the tightly controlled gold sector and one that could help deepen the derivatives market...."

July 2011 Former ASARCO principle-creditor/ Hedge Fund's operating chief resigns....

"Harbinger Capital's operating chief resigns 
The Wall Street Journal 06 Jul 2011

Hedge-fund firm Harbinger Capital Partners, founded by Philip Falcone, said Tuesday that Peter Jenson has resigned as chief operating officer and director....Jenson, who left Citadel Investment for Harbinger in 2009, was responsible for all operational activities of the funds....Meanwhile, Harbinger Group, a publicly traded company majority-owned by Harbinger Capital, has appointed Omar Asali as acting president, succeeding Falcone, who will continue to serve as chairman and chief executive....Asali, who is a managing director and head of global strategy for Harbinger Capital, was previously co-head of Goldman Sachs's hedge-fund strategies. "

http://www.efinancialnews.com/story/2011-07-06/harbinger-capital-operating-chief-resigns