Fund manager HSBC Global Asset Management has hired a Distribution head from Credit Suisse as well as head of Institutional Business from Havenport Asset Management.
HSBC Global Asset Management (HSBC Global AM) has poached Bin Han from Credit Suisse amid a raft of recent hires to its institutional and wholesale teams across Hong Kong and Singapore, as «Asian Investor» (behind paywall) revealed on Tuesday.
Han became China head of institutional business in March, replacing Mark Li, who joined Singapore's Fullerton Fund Management in February to head its new Shanghai-based unit. He will cover the China offshore market for HSBC Global AM.
Based in Hong Kong, he reports to Asia-Pacific chief executive Pedro Bastos. Han had previously served as China head of distribution for Credit Suisse’s asset management arm since March 2012.
Further Hires
In addition, Valerie Ang came in as head of institutional for Southeast Asia in January, replacing James Ong. The latter moved to State Street Global Investors in December as Southeast Asia head of relationship management.
Ang had previously been head of institutional sales and client service at Havenport Asset Management, a Singapore-based firm specialising in Asia-Pacific equities. She spent some six years there and before that nearly nine years with U.S. fund group Legg Mason.
Additions in Singapore
HSBC Global AM, which had $413 billion in assets under management (AUM) as of end-2016, has also added two associate directors on the retail side in Singapore: Dennis Ng joined last month in private banking sales and Grace Shu in May for wholesale business.
According to «Asian Investor» the firm has also made two further hires in Hong Kong, with Jasmine Hung joining as associate director for private bank sales and Sara Lam arriving in March as a sales representative.
