Tag: hsbc

Amid other senior moves, the UK firm's head of China now oversees Hong Kong as well as the mainland. Schroders Singapore chooses HSBC Securities Services as its sole trustee, custodian and fund administrator, having previously split those services between HSBC and OCBC Trustee. Barclays Wealth hires Vikram Malhotra and two others from UBS, bringing to a dozen the number of senior bankers the British bank has poached from UBS in the past six months. Standard Chartered loses out as Allianz hands Citi its insurance custody mandate for Asia, soon after the Bank Consortium Trust replaces HSBC as custodian of RCM's Hong Kong ... Jitendra Somani and Edmond Ng are the latest additions to HSBC Securities Services’ Asia-Pacific global custody leadership line-up. They're bullish on emerging markets, predict the renminbi will be allowed to strengthen and suggest the best exposure to China is through investments outside the country, among ... AsianInvestor asked Simona Paravani of HSBC Global Asset Management and Northern Trust's Bert Rebelo for their outlook on multi-manager investments in 2010. Fund managers will seek help from administrators to reduce costs in 2010, as slow fund growth continues, predicts Alastair Murray, HSBC’s Asia-Pacific head of fund services. Instead, they are increasingly bullish on bonds, particularly emerging-market and high-yield instruments, according to the UK bank's quarterly investor survey. The territory is the first Asian market to receive the multi-manager product, but it may not prove as popular in the region as it has in the UK. Post-crisis, there is greater pressure on managers of fund managers in Asia to justify their fees and provide more information about the funds they choose. The well-regarded fund manager will work with Richard Wong to boost Halbis’s China equities capabilities. The UK asset manager is the fourth institution to go live with Swift's funds-automation solution in Australia, as adoption of the service gains momentum. The UK bank rotates three senior custody executives between Australia, Hong Kong and Japan. Keith Chan joins from Macquarie to focus on building HSBC's warrant and CBBC businesses. The asset allocation balance shifts in favour of equities, according to the latest HSBC survey. Bruno Lee resumes a regional role for the wealth management business and is eager to promote fixed-income products. HSBC Global Asset Management will be the first to cross-list Hong Kong exchange-traded funds – which are managed by Hang Seng Investment Management – in Taiwan. Loan cash and stimulus money are not going to waste, but are creating a 'wealth effect' that will continue to drive stock prices further, argues George Yan. For the minority who are bullish on equities, Greater China remains the favoured market.