The firm has appointed a business development director who brings over 20 years of experience in the asset management industry and specialises in ETF investment advisory, distribution for institutional and intermediary in Asia.
HSBC Asset Management has appointed Ray Chan as ETF business development director, effective 21 June, the firm announced in a statement on Tuesday. The role is based in Hong Kong and reports to Jaqueline Pang, head of ETF sales, Asia-Pacific.
In this newly created role, Chan will be responsible for driving the growth of HSBC and Hang Seng ETF penetration from the distribution perspective, covering various segments ranging from insurance, asset managers, pension, private banks and intermediaries.
Chan joins HSBC from Taikang Asset Management where he led the sales and business development efforts for pensions and intermediary segments, and previously spent eight years in State Street, where his last position was the head of Hong Kong for SPDR ETFs.
Strategic Focus
«Growing [the] ETF business is one of our strategic growth initiatives and we see good growth potential in Asia,» Pang said in the announcement.
In the past two and a half years, HSBC Asset Management's ETF business has grown some 188 percent to over $17 billion in assets under management on the back of its growing its ETF range, particularly in areas such as ESG, Asia, and fixed income.
