World-class investment solutions backed by the strength of the HSBC Group
HSBC Global Asset Management in India is part of the core global investment management business of the HSBC Group. With dedicated investment professionals across Europe, Africa, Asia-Pacific and the Americas, HSBC Global Asset Management has strong global investment capabilities that are delivered to clients locally. For institutions, corporates and financial intermediaries, a comprehensive range of investment management solutions are offered. For high net worth individuals, HSBC Global Asset Management works with relationship managers to provide bespoke portfolio management services.
We have been dedicated to managing global assets on behalf of clients for more than 25 years. As far back as 1994, it was recognised that in an increasingly global economy, the internationalisation of assets would need a credible global organisation to ensure that the best possible solutions could be delivered to clients. The Group responded by uniting its separate regional businesses under the HSBC banner to create a single powerful investment manager aimed at delivering global investment capability combined with significant local expertise. HSBC Global Asset Management has funds under management of USD416.3 billion as on 30 September 2009.
HSBC Global Asset Management in India
HSBC Asset Management (India) Private Limited is the Investment Manager to HSBC Mutual Fund, set up locally by the HSBC Group. HSBC Mutual Fund is the brand name adopted by HSBC Asset Management (India) Private Limited. The business is working on ambitious plans to position itself as one of the leading Private Sector Fund Managers in the Indian financial market - one of the most promising markets in Asia. It also aims to expand its customer base by extending its product range to include a wide variety of investment products and enhance its reputation in India of being a provider of international quality investment products and services.
The HSBC Group is one of the largest banking and financial services organisations in the world. The Group has around 8,000 offices in 87 countries and territories in Europe, the Asia-Pacific region, the Americas, the Middle East and Africa, serves over 100 million customers and has assets of USD 2,418 billion as on 30 June 2010.
Company history - A global pedigree
HSBC Global Asset Management draws upon a long history of serving clients by the HSBC Group, tracing its roots back to the foundation of the Hongkong and Shanghai Banking Corporation in 1865. The HSBC Group has identified asset management as a key constituent of the HSBC Group’s wealth management strategy and at HSBC Global Asset Management, we have been dedicated to managing assets on behalf of our clients for more than 30 years.
In 1994 the HSBC Group recognised the increasingly global nature of financial markets would create the need for a credible global asset management organisation to ensure delivery of the best possible solutions for clients. In response, the separate regional asset management businesses of HSBC were unified to create a single powerful investment manager aimed at delivering global investment capabilities combined with significant local expertise.
In 2001, following the integration of CCF and its investment businesses into HSBC, a new global strategy was launched for asset management. The strategy aimed to create a core proprietary global investment management business – HSBC Asset Management, operating alongside a series of specialist investment businesses, namely: Sinopia for quantitative and structured products, HSBC Specialist Investments for property and infrastructure investments, HSBC Multimanager for best-in-class ‘open architecture’ investments and HSBC Alternative Investments for single-manager hedge fund strategies.
In 2004, following a strong period of growth in HSBC’s investment businesses, a new strategy was announced for these businesses. The strategy was intended to position HSBC for market leadership in providing investment solutions that meet client needs and involved a reorganisation of HSBC’s investment businesses including HSBC Asset Management and HSBC Investment Management, leading to the creation of HSBC Investments.
In 2008, HSBC Investments was renamed to HSBC Global Asset Management. The name change was to more closely align it with Global Banking and Markets (the new name for Corporate, Investment Banking and Markets).
A concise history
- 1973 - HSBC forms Hong Kong-based Wardley as a wholly owned merchant banking subsidiary
- 1986 - The European arm of HSBC Asset Management is conceived with the purchase of James Capel, a leading and well established international securities company
- The addition of New York-based Marinvest establishes the US arm of HSBC Asset Management
- 1992 - Consolidation in Europe with the acquisition of the Midland Bank Group
- 1994 - Regional companies are brought together under the name HSBC Asset Management, a single investment manager offering global investment capability combined with significant local expertise
- 2000 - HSBC Group purchases CCF Bank, France - CCF Capital Management in Paris joins HSBC Asset Management
- 2001 - The market for asset management solutions has grown rapidly and investors’ requirements have become more sophisticated. In response to this, the asset management business of HSBC was reorganised at the end of 2001 to provide a full range of sophisticated services under the name Asset Management Services, comprising the core business, HSBC Asset Management and several specialist companies offering complementary investment management services
- In August, HSBC Asset Management completed its acquisition of China Securities Investment Trust Corporation, Taiwan's premier asset management company
- HSBC Asset Management (India) Private Limited is incorporated in December 2001
- 2002 - New investment and marketing office established in India. Cooperation with HSBC Trinkaus Capital Management and its parent HSBC Trinkaus & Burkhardt
- HSBC Asset Management (India) Private Limited , the Investment Manager to HSBC Mutual Fund launches its first four schemes in December 2002
- 2003 - Integration of Bital's fund management business in Mexico following its purchase by HSBC
- 2004 - Integration and development of investment management activity in Bermuda following the acquisition of Bank of Bermuda
- 2004 - On 1 December HSBC announces a reorganisation of its investment management businesses as part of a new strategy designed to drive further growth
- 2005 - HSBC Asset Management is replaced by HSBC Investments and HSBC Halbis Partners during 2005 (subject to local legal and regulatory approvals in all jurisdictions)
- 2006 - HSBC receives approval for joint venture fund management company in China. HSBC Halbis Partners is renamed Halbis Capital Management
- 2008 - HSBC Investments is renamed to HSBC Global Asset Management (subject to local legal and regulatory approvals in all jurisdictions)