HSBC Private Banking has named a regional head of discretionary and funds for Asia Pacific, following the retirement of its regional head of funds and ETFs, Asian Private Banker can reveal. Lina Lim, most recently the regional head of discretionary with the British lender, has taken up an expanded role at the bank as regional head of discretionary and funds, […]

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Equity strategies are dominating inflows from HSBC Private Banking’s fund investors in Asia this year, with ESG, China, and technology funds garnering high levels of interest contributions, according to Virginia Devereux Wong, the private bank’s regional head of funds & ETFs, Asia. In fact, eight of the top ten funds by inflow year-to-date are equity strategies on the back of […]

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High net worth investors are increasingly using thematic equity funds to capture the ongoing market rebound, since such investments have shown themselves to be more resilient during market volatility. Although thematic equity funds were not immune from the market sell-off in March, after a strong rebound in equity markets, they have experienced a V-shaped recovery, and outperformed general equity markets […]

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Not only will recent inflows into ESG-themed investments be sustained in the long run, but ESG considerations will also be integrated as a key component in major investment strategies, according to HSBC Private Banking’s Fan Cheuk Wan. The managing director, chief market strategist, Asia, at HSBC PB explained to Asian Private Banker that, despite being a relatively new phenomenon, COVID-19 […]

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After the de-risking period in late February and March, Asia’s high net worth individuals started adding long positions in April within their mutual fund portfolios, according to Virginia Devereux Wong, regional head of funds & ETFs, Asia, HSBC Private Banking. “April saw the best month in three decades for the S&P 500 and this, in turn, provided strong impetus for […]

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HSBC Private Banking has expanded its investment services and product solutions group leadership team for Asia Pacific with a string of key senior appointments, comprising both external hires and internal promotions, as the private bank seeks to significantly grow its Asia business. Adam Lau joins the private bank as regional head of equities and structured products. With more than 18 years […]

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HSBC Private Banking has appointed a new regional head of funds and ETFs, amid a frontline hiring spree in the region, Asian Private Banker can reveal. Virginia Devereux Wong has been appointed regional head of funds and ETFs, HSBC Private Banking, overseeing the bank’s fund selection and advisory teams across Asia. Wong joins from Standard Life Investments, where she was […]

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As Chinese investors’ demand for both onshore and offshore strategies increases, Virginia Devereux Wong, head of Asia wholesale business at Standard Life Investments, believes that international asset managers must work closer with Chinese product providers. Wong expects Chinese private banks to become a dominant force in Asia within the next decade, simply due to their “sheer scale and client numbers”. […]

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Asian HNW investors’ rampant appetite for multi assets funds is being stimulated by diminished returns from bond holdings, says Virginia Devereux Wong, head of Asia wholesale business at Standard Life Investments. According to Devereux, private banking clients across Asia are turning to multi asset strategies as “volatility buffer[s]” and “income diversifier[s]”, given the weak global macro environment. “We have seen global investors […]

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The wealth management universe has worked long and hard in recent years to convince clients on the benefits of diversification and delegation. Unsurprisingly, results vary widely. A study into the region’s private banking portfolios reveals three common types of HNW investors: the Credit Addict, the Fence Sitter and the Fortified. (This article first appeared in Issue 91 of Asian Private […]

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Improved financial sophistication and product knowledge has helped private banks increase fund penetration rates to as high as over 20% in Asia, says the head of Standard Life Investments’ Asia wholesale business. “The growth in acceptance of new product types such as multi-asset funds or liquid alternatives really demonstrated the graduation of investor sophistication,” notes Virginia Devereux Wong, recalling the […]

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