The bank has appointed Guilherme Lima as its head of wealth business for Asia Pacific. HSBC has also named its new global head of wealth solutions.
The future of open architecture platforms following recent mergers of wealth and asset management arms has been subject to debate by industry players. Branding and clients' trust are seen as key issues.
In an increasingly bullish outlook fund houses are looking to allocate more of their clients’ money into emerging market equities and bonds, finds HSBC.