The appointments are designed to bolster the firm”s presence in Asia.
HSBC
Asset Management has made a number of senior appointments,
designed to capture growth in emerging markets and Asia,
alternatives and the sustainability transition to better serve
both institutional and retail/wholesale clients.
North Asia
Masayuki Kaneko (pictured), CEO, HSBC Asset Management (Japan)
(AMJP), will take on additional responsibilities on top of his
CEO role. He has been appointed as head of
institutional sales, North Asia, starting immediately, the firm
said in a statement. In his expanded role, Kaneko will lead the
institutional sales team in North Asia, focusing on Hong Kong,
mainland China, Taiwan, Korea and Japan. He will also take the
lead in capturing opportunities and strengthening collaboration
with multiple bank channels, the firm added. He is
succeeding Brenda Wong who will leave the firm for personal
reasons.
Kaneko, who joined HSBC Japan in 2013, was deputy head of global
banking Japan before being appointed as CEO AMJP in March 2020.
Over the past four years, he has led the growth of the firm’s
asset management business in Japan, the firm continued. He will
still be based in Japan, and his reporting line remains
unchanged. Locally, Kaneko will report to Edward Weeks, president
and CEO, HSBC Japan, and functionally to Daisy Ho, CEO
Asia-Pacific, HSBC Asset Management.
Hong Kong
As the business in Hong Kong continues to grow, the bank has
created a new role, namely CEO, HSBC Global Asset Management
(Hong Kong) (AMHK), to enable Ho to focus on her
Asia-Pacific CEO role, the firm said. It plans to conduct a
selection process. In the meantime, Jasmine Hung, head of
pensions strategic partnerships, Hong Kong, AMHK, will take on
additional responsibilities and be appointed as acting CEO,
AMHK, starting immediately.
Hung will continue to report to Ho on a functional basis, and to
Maggie Ng, general manager and head of wealth and personal
banking Hong Kong, HSBC, on an entity basis, the firm continued.
Hung currently leads AMHK’s pensions strategic partnerships team,
focusing on the pensions and retirement business in Hong Kong.
She joined AMHK in 2017 to lead the private bank sales team in
Hong Kong, the firm added.
Taiwan
Hsin Chiao, general manager and CEO of HSBC Global Asset
Management (Taiwan) (AMTW), has just left the firm, and HSBC AM
said it is starting the search for her successor.
Meanwhile, Chris Lin, EVP and head of client coverage, AMTW,
has been appointed as acting general manager and CEO, AMTW,
starting immediately.
Since joining the firm in September 2021 to oversee both the
institutional and wholesale businesses as well as client service
teams, Lin has played a central role in business wins.
“Our expansion in Asia is one of the key strategic priorities of
HSBC Asset Management and we have made good progress in enhancing
our investment capabilities to bring market-leading investment
solutions to our clients,” Ho said. “With their strong leadership
and proven track record in driving business growth, I am
confident that Masayuki, Jasmine and Chris will build on our
strong momentum to the next phase of growth in North Asia. I
would also like to thank both Brenda and Hsin for their
contributions and wish them well for the future.”
Source link : https://www.wealthbriefingasia.com/article.php/HSBC-AM-Makes-Senior-Appointments-In-Asia
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Publish date : 2024-05-13 03:00:00
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