HSBC Global Asset Management (GAM) has appointed a new Chinese and HK equities chief and poached from Citic to strengthen its Shanghai joint venture.

HSBC Global Asset Management (GAM) has appointed a new Chinese and HK equities chief and poached from Citic to strengthen its Shanghai joint venture.
Hong Kong alone accounts for nearly a quarter of the group’s net profits.
He has joined Hong Kong-headquartered wealth manager The Capital Company. Separately, RBC Wealth Management has also hired two senior bankers in Singapore.
The firm revealed several role changes indicating a streamlining of operations.
The bank’s third key hire in 2020 will help shape asset allocation calls for clients.
The bank hired UBS Wealth’s Asia-Pacific head of wealth planning.
The bank has plucked a new global head of wealth management from Bank of Singapore to replace Didier von Daeniken.
The previous general manager has left the firm.
The new hire will lead wealth product strategy for the wealth management business, which is restructuring.
The move comes after the firm decided earlier this year to put on hold plans of developing its businesses in China and Hong Kong as the coronavirus outbreak was peaking in the mainland.
Part of the Mark Allen Group.