UK

HSBC Rebrands Asset Management Business

Published: 22 May 2008

The asset management business of HSBC will be rebranded HSBC Global Asset Management with effect from 2 June, 2008. Previously, this was known as HSBC Group Investment Businesses, which included HSBC Investments.

Mark McCombe, Chief Executive of HSBC Global Asset Management, said: "We are changing our name to HSBC Global Asset Management because it better reflects the breadth, strength and expertise of our business. It also highlights one of our key competitive advantages, our global footprint, which complements our deep roots in local markets."

As part of the rebrand, all entities operating as HSBC Investments will adopt the HSBC Global Asset Management name. HSBC Global Asset Management will also encompass the established specialist asset management businesses, namely Halbis (active management specialist) and Sinopia (quantitative specialist) and the specialist business units Liquidity (cash management) and Multimanager (best-in-class managers). The 'multi-specialist' model developed over the past four years will remain a defining feature of HSBC Global Asset Management. Therefore the specialist businesses and business units will maintain their own identities and brands but will all be clearly endorsed as HSBC Global Asset Management businesses.

HSBC Global Asset Management is a leader in emerging markets with almost US$100 billion of emerging markets assets under management out of a total of US$397.4 billion (at end March 2008).

McCombe said: "We will continue to build a global asset management company that is focused, responsive to clients and delivers value to all stakeholders. This is being achieved by leveraging our expertise, especially in emerging markets, and by delivering consistently strong investment performance and client service."

McCombe said: "We will continue to build a global asset management company that is focused, responsive to clients and delivers value to all stakeholders. This is being achieved by leveraging our expertise, especially in emerging markets, and by delivering consistently strong investment performance and client service."

For media enquiries only please contact:
Jenne Mannion on +44 20 7024 0444
jenne.mannion@hsbcinvestments.com

Jane Crookbain + 44 (0) 207 024 0412
jane.crookbain@hsbcinvestments.com