HSBC Asset Management (HSBC AM) on Friday announced senior appointments to attract more business from the growth in emerging markets and Asia, alternatives and the sustainability transition.
Masayuki Kaneko, CEO, HSBC Asset Management (Japan) – (AMJP), will take on additional responsibilities on top of his CEO role and be appointed as head of institutional sales, North Asia, with effect from 10 May.
In his expanded role, Masayuki (main picture) will spearhead the institutional sales team in North Asia with a focus in Hong Kong, mainland China, Taiwan, Korea and Japan. He will also take the lead in capturing opportunities and strengthening collaboration with multiple bank channels. He succeeds Brenda Wong who will leave the firm for personal reasons.
Masayuki joined HSBC Japan in 2013 and was deputy head of global banking Japan before being appointed as CEO AMJP in March 2020. During the past four years, Masayuki has led the growth of HSBC’s asset management business in Japan, using its international connectivity to support both intermediary and institutional clients to capture global investment.
Masayuki will continue to be based in Japan. His reporting line remains unchanged – locally, he will continue to report to Edward Weeks, president and CEO, HSBC Japan, and functionally to Daisy Ho, CEO Asia Pacific, HSBC Asset Management.
In Hong Kong, a new role of CEO, HSBC Global Asset Management (Hong Kong) – (AMHK), has been created to allow Ho to focus on her Asia-Pacific CEO role.
HSBC AM will conduct a selection process and meanwhile, Jasmine Hung, head of pensions strategic partnerships, Hong Kong, AMHK, will take on additional responsibilities and be appointed as acting CEO, AMHK, effective 10 May.
Hung (pictured left) 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.
Hung currently leads AMHK’s pensions strategic partnerships team with a focus on the pensions and retirement business in Hong Kong covering both the Mandatory Provident Fund business and local Occupational Retirement Schemes Ordinance (ORSO) Pension key clients. She joined AMHK in 2017 to lead the private bank sales team in Hong Kong.
In Taiwan, Hsin Chiao, general manager and CEO of HSBC Global Asset Management (Taiwan) – (AMTW), has left the firm, effective 9 May. HSBC AM is commencing the search for her successor.
Meanwhile, Chris Lin, EVP and head of client coverage, AMTW, will be appointed as acting general manager and CEO, AMTW, effective 10 May.
Since joining the firm in September 2021 to oversee both the Institutional and wholesale businesses as well as client service teams, Lin (pictured left) has played a pivotal role in key business wins which have successfully positioned AMTW as a preferred asset manager for client-centric investment solutions and experiences, according to the firm.
In a statement, Ho said: “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.”
“The new appointments we announce today empower us to achieve our goal to become a leading asset manager in Asia.”
