Daisy Ho replaces Pedro Bastros, who will take on a newly created role in Hong Kong as CIO international markets and Asia strategist.
HSBC Asset Management has appointed Daisy Ho as its new regional CEO for Asia Pacific & Hong Kong, the firm announced in a statement on Tuesday.
Ho joins HSBC from asset manager Fidelity, where she was most recently president for China, and before that, managing director, Asia ex-Japan and Middle East. Before joining Fidelity in 2005, she held various roles at the wealth management and asset management divisions of J.P. Morgan, Axa and Hang Seng Bank.
In her new role, Ho will look to build on HSBC AM's strength in Hong Kong, increasing its market share across core markets and expanding its footprint in Mainland China, India and Asean, along with CEO responsibilities for HSBC AM Hong Kong.
Growing Business
HSBC AM's business in Asia has seen significant momentum of late, growing 11 percent year-on-year as of end-September 2021, and 12 percent year-on-year in 2020, driven by strong net flows and positive fund performance, the firm said.
Last year, HSBC said it would be repositioning the business as a core solutions provider and specialist Asia, emerging markets and alternatives asset manager. Its AUM in Asia currently stands at $190 billion, or 31 percent of its total AUM of $619 billion, as of end-September 2021.
