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.
The chief executive of the India arm of HSBC Global Asset Management has relocated within the business to spearhead the company’s South East Asia division.
HSBC Global Asset Management has halved the fees on three of its main developed market tracker funds, joining a growing list of ETF providers cutting charges.
Cost has become “ridiculously important” as more countries move towards an RDR model, argued BNP Paribas’s Julian Kramer during International Adviser’s Fund Links Forum on Thursday.
The chief executive of HSBC Global Asset Management, Sridhar Chandrasekharan, has relocated to Hong Kong from the firm’s headquarters in St James, London, to tap the region’s stronger growth outlook.
HSBC Global Asset Management has launched its first cross-border global multi-asset income fund in response to the growing demand from investors for investments with a steady income and limited risk.
HSBC Global Asset Management has moved to boost its fund distribution and sales drive across Asia with the announcement of two new appointments.
