iCapital, a global fintech platform for alternative investment for wealth managers, said it will provide technology to HSBC Global Private Banking (GBP).
The service will be fully integrated into HSBC’s platform to digitalise private market investments for its relationship managers, investment counsellors and operations teams.
Initially deployed in Hong Kong and Singapore, the technology is intended to be gradually expanded to more markets.
“Through this collaboration with iCapital, we are poised to make a broader range of alternative investment opportunities more accessible to our clients,” said Jan-Marc Fergg, global head of ESG and managed solutions, HSBC GPB and Wealth.
“Our arrangement is a testament to the trust wealth managers place in iCapital as they prioritize private markets as a key component of a diversified client portfolio, enhancing financial outcomes for their clients,” added Marco Bizzozero, head of international at iCapital.
iCapital’s technology offers portfolio of management capabilities for education, transactions, data flows, analytics, and client support throughout the investment lifecycle, automating historically complex subscription, administration, operational and reporting processes, the firm said in a statement.
With $194.3bn in global platform assets, the iCapital operating system automates and streamlines the complex process of private market investing and integrates with clients’ existing infrastructure platform and tools
