Alison Brown has been made director and head of sales, Wholesale Business, for HSBC in Hong Kong and China. Soren Beck-Petersen was appointed director and head of distribution, Private Banks, Asia Pacific. Both appointment are effective from 30 July.
Brown’s role will be to drive HSBC’s fund distribution in Hong Kong and China including the bank’s participation in the Mutual Recognition of Funds (MRF) scheme.
HSBC GAM, the investment management business of the HSBC Group, is currently seeking regulatory approval to offer its two onshore China funds in Hong Kong under the MRF initiative, which started July 1.
Brown has held a number of senior roles in the asset management, banking and insurance industries in Asia during her 28 year career in wealth management and will be based in Hong Kong.
Soren will be responsible for client relationships in the private banking sector in Asia, a key avenue for HSBC’s fund distribution. Soren has a record of raising assets from various client segments including corporates, pension funds, banks and retail clients and will be based in Singapore.
Pedro Bastos, HSBC’s regional head of Asia Pacific the two new appointment follows the recent addition of the role of director for institutional business focusing on China.
“Asia presents investment opportunities for our clients and also a greater need for investment products for an increasingly wealthy domestic population,” Bastos said.
“Leveraging the bank’s unrivalled footprint in Asia, we are ideally positioned to capture the growth opportunities in the region.”
