People Moves

HSBC AM Makes Senior Appointments In Asia

Amanda Cheesley Deputy Editor 13 May 2024

HSBC AM Makes Senior Appointments In Asia

The appointments are designed to bolster the firm's presence in Asia.

HSBC Asset Management has made a number of senior appointments, designed to capture growth in emerging markets and Asia, alternatives and the sustainability transition to better serve both institutional and retail/wholesale clients.

North Asia
Masayuki Kaneko (pictured), CEO, HSBC Asset Management (Japan) (AMJP), will take on additional responsibilities on top of his CEO role. He has been appointed as head of institutional sales, North Asia, starting immediately, the firm said in a statement. In his expanded role, Kaneko will lead the institutional sales team in North Asia, focusing on Hong Kong, mainland China, Taiwan, Korea and Japan. He will also take the lead in capturing opportunities and strengthening collaboration with multiple bank channels, the firm added. He is succeeding Brenda Wong who will leave the firm for personal reasons.

Kaneko, who joined HSBC Japan in 2013, was deputy head of global banking Japan before being appointed as CEO AMJP in March 2020. Over the past four years, he has led the growth of the firm's asset management business in Japan, the firm continued. He will still be based in Japan, and his reporting line remains unchanged. Locally, Kaneko will report to Edward Weeks, president and CEO, HSBC Japan, and functionally to Daisy Ho, CEO Asia-Pacific, HSBC Asset Management.

Hong Kong
As the business in Hong Kong continues to grow, the bank has created a new role, namely CEO, HSBC Global Asset Management (Hong Kong) (AMHK), to enable Ho to focus on her Asia-Pacific CEO role, the firm said. It plans to conduct a selection process. In the meantime, Jasmine Hung, head of pensions strategic partnerships, Hong Kong, AMHK, will take on additional responsibilities and be appointed as acting CEO, AMHK, starting immediately.

Hung 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, the firm continued. Hung currently leads AMHK’s pensions strategic partnerships team, focusing on the pensions and retirement business in Hong Kong. She joined AMHK in 2017 to lead the private bank sales team in Hong Kong, the firm added.

Hsin Chiao, general manager and CEO of HSBC Global Asset Management (Taiwan) (AMTW), has just left the firm, and HSBC AM said it is starting the search for her successor. Meanwhile, Chris Lin, EVP and head of client coverage, AMTW, has been appointed as acting general manager and CEO, AMTW, starting immediately.

Since joining the firm in September 2021 to oversee both the institutional and wholesale businesses as well as client service teams, Lin has played a central role in business wins.

“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,” Ho said. “With their strong leadership and proven track record in driving business growth, I am confident that Masayuki, Jasmine and Chris will build on our strong momentum to the next phase of growth in North Asia. I would also like to thank both Brenda and Hsin for their contributions and wish them well for the future.” 

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