HSBC GAM names Rudd head of UK wholesale
HSBC Global Asset Management has announced the appointment of Dan Rudd as head of wholesale, UK.
HSBC Global Asset Management has announced the appointment of Dan Rudd as head of wholesale, UK.
HSBC Global Asset Management has launched a multi-asset fund in Hong Kong and expects Eurozone economic growth picking up in 2016.
The traditional way of composing strategic asset allocation has changed, according to Keith Swabey, senior product specialist of multi-asset at HSBC Asset Management.
A disappointing fourth quarter saw HSBC report a 7% drop in adjusted pre-tax profit to $20.4bn for the full year to end 2015
Even by the very nature of its name, HSBC has always been the most Asian-facing of the multinational super banks, so why does it want to extend its stay in London?
Industry reaction to the news HSBC would retain its London headquarters was mixed, as higher capital requirements and being “trapped” in the European Union might work against the banking giant.
The revolving door continues to spin as HSBC GAM announced appointments and a replacement, with a member of staff departing for sunnier climes. Schroders and Premier also reported departures, as Orangefield Legis recruited an industry veteran.
Some of the biggest firms in the finance industry announced significant people moves this week; with Prudential naming a chief executive, HSBC GAM making two chief executive appointments in Asia, and JP Morgan promoting a new head of retail in China.
Low bond yields and the irrelevance of the BRIC acronym are among the themes expected to shape investment in 2016, according to Benjamin Pedley, head of investment strategy in Asia at HSBC Private Bank.
HM Revenue & Customs said it has sent letters to customers of HSBC Jersey advising them to sign a declaration that they do not owe any UK tax on their offshore assets, placing some customers between the proverbial rock and the hard place.
Manulife Asset Management has extended its recent hiring spree in Asia by bringing over professionals from BNY Mellon and HSBC Global Asset Management to fill two positions.
HSBC has reported a 14% drop in profits for the third quarter of 2015 after adjusting for foreign currency movements, as the sharp falls in stock markets across Asia hit revenues in its retail banking and wealth management division.