View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
February 10, 2022

HSBC to expand hedge fund business to tap Asia investments

British banking major HSBC is strengthening its brokerage business, which finances hedge funds and family offices, in a bid to bolster its wealth division in Asia, reported Bloomberg.

Free Report
img

Analyze opportunies within the wealth management market in APAC

GlobalData’s ‘Asia-Pacific Wealth Management: Market Sizing and Opportunities to 2026’ report provides a comprehensive overview of the Asia-Pacific (APAC) wealth management market.
  • The report analyzes the APAC wealth and retail savings and investments markets. This includes affluent market size, both by number of individuals and the value of their liquid assets.
  • The affluent population grew by 5.3% in 2021 and is expected to grow at an AAGR of 4.8% between 2022 and 2026.
  • The value of liquid assets held by the affluent segment surged by 8.4% in 2021, backed by economic recovery. HNW individuals’ financial wealth grew by 12%, while mass affluent individuals’ wealth grew by 6.0%.
  • The report provides an analysis of factors driving liquid asset growth. It is also split into asset classes - equities, mutual funds, deposits, and bonds.
  • The affluent population are more risk-tolerant and invest a significant proportion of their investments in risky assets such as equities, compared to emerging affluent and mass market individuals.
The report also provides data and insights on the size of offshore holding of HNW investors in the APAC region.
by GlobalData
Enter your details here to receive your free Report.

The bank is seeking to take advantage of its prime broking unit to allow its western clients to invest in Asia as some of its rivals pull out from such operations, unidentified people privy to the developments told the news agency.

According to sources, HSBC is planning to increase the employee headcount at the prime broking unit and ramp up its investment in technology to compete with more established players.

A source divulged that the bank is set to open an arranged financing service in New York in the coming months to help its US customers invest in emerging markets, particularly, in Asia.  

The move is said to be part of the bank’s strategic ambition to emerge as one of the leading players in the wealth management space.

The expanded brokerage unit is expected to offer enhanced service to the bank’s wealth unit and cater to its affluent customers who owns their own family offices.

A spokesperson for HSBC did not comment on the news.

In November last year, Bloomberg reported that HSBC hired two tech-focused senior investment bankers from rival UBS to grow its Asia technology sector investment banking coverage.

The appointments were of Ajinkya Mukhopadhyay as head of technology, media and telecom for Southeast Asia and India, and Andrew An as managing director responsible for TMT in China.

In 2020, a senior HSBC executive told Reuters the bank is expecting to register double-digit asset growth in its wealth business in Asia Pacific by 2023.

Free Report
img

Analyze opportunies within the wealth management market in APAC

GlobalData’s ‘Asia-Pacific Wealth Management: Market Sizing and Opportunities to 2026’ report provides a comprehensive overview of the Asia-Pacific (APAC) wealth management market.
  • The report analyzes the APAC wealth and retail savings and investments markets. This includes affluent market size, both by number of individuals and the value of their liquid assets.
  • The affluent population grew by 5.3% in 2021 and is expected to grow at an AAGR of 4.8% between 2022 and 2026.
  • The value of liquid assets held by the affluent segment surged by 8.4% in 2021, backed by economic recovery. HNW individuals’ financial wealth grew by 12%, while mass affluent individuals’ wealth grew by 6.0%.
  • The report provides an analysis of factors driving liquid asset growth. It is also split into asset classes - equities, mutual funds, deposits, and bonds.
  • The affluent population are more risk-tolerant and invest a significant proportion of their investments in risky assets such as equities, compared to emerging affluent and mass market individuals.
The report also provides data and insights on the size of offshore holding of HNW investors in the APAC region.
by GlobalData
Enter your details here to receive your free Report.

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A weekly roundup of the latest news and analysis, sent every Wednesday. The industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Private Banker International