The asset management arm of HSBC has made some organizational changes and announced senior appointments for its North Asia business.

HSBC Asset Management has appointed Masayuki Kaneko as head of institutional sales, North Asia, in addition to his existing role as CEO of HSBC Asset Management (Japan), according to a statement. He succeeds Brenda Wong who will leave the firm for personal reasons. Based in Japan, he reports locally to HSBC Japan president and CEO Edward Weeks as well as functionally to HSBC Asset Management APAC CEO Daisy Ho. 

In the expanded role, Kaneko will spearhead the institutional sales team in North Asia with a focus on Hong Kong, mainland China, Taiwan, Korea and Japan. He joined HSBC Japan in 2013 as deputy head of global banking Japan before being named CEO of the Japanese asset management unit in 2020.

New Hong Kong Role

In Hong Kong, a new CEO role has been created for HSBC Global Asset Management (Hong Kong) to allow Ho to focus on her APAC CEO role. A selection process is underway while Jasmine Hung has been named the acting CEO for the time being. Hung will report to Ho on a functional basis as well as general manager and head of wealth and personal banking Hong Kong Maggie Ng on an entity basis.

Hung currently leads the pensions strategic partnerships team of HSBC Global Asset Management (Hong Kong) after joining the asset manager in 2017 to lead the private bank sales team in the city. 

Taiwan Exit

Finally, HSBC Global Asset Management's (Taiwan) general manager and CEO Hsin Chiao has left the firm. A search for her successor is commencing and meanwhile, local EVP and head of client coverage Chris Lin has been appointed as acting general manager and CEO. Lin joined the firm in September 2021 to oversee the institutional and wholesale businesses as well as client service teams.

«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 commented. «The new appointments we announce today empower us to achieve our goal to become a leading asset manager in Asia.»