HSBC Asset Management Boosts UK Institutional Team
HSBC Asset Management boosts UK institutional team with new Business Development Director
HSBC Asset Management has appointed Jasvir Virk as Business Development Director for its UK institutional team. In this new role and based in London, Jasvir joined on 10 May and reports to Maria Ryan, Head of Institutional Sales UK, MENA and Nordics.
With over 20 years’ experience in the industry, Jasvir will be responsible for broadening and deepening the firm’s relationships with UK institutional investors, with a particular focus on UK pension schemes.
Jasvir joins from BlackRock, where she was a Senior Director and a member of the UK institutional business responsible for client relationship management and business development. Prior to that, she was Head of Client Relations Europe at PineBridge Investments, working with both institutional and intermediary clients across Europe. Jasvir has also held several roles at Goldman Sachs Asset Management.
Jasvir’s appointment follows that of Paul Griffiths as Global Head of Institutional Business earlier this month.
Commenting on the appointment, Maria Ryan said: “Jasvir brings a wealth of experience working with some of the largest and most sophisticated clients in the UK. Her background in both traditional and alternative markets will be invaluable as we continue to broaden our offering to the UK institutional market.”
In 2020, HSBC Asset Management set out its strategy to re-position the business as a core solutions and specialist emerging markets, Asia and alternatives focused asset manager, with client centricity, investment excellence and sustainable investing as key enablers. The firm restructured its business to establish a more market competitive and client-centric operational model. As part of this, it changed its distribution model to operate with a global approach with the creation of Institutional and Wholesale client businesses.
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HSBC Asset Management, the investment management business of the HSBC Group, invests on behalf of HSBC’s worldwide customer base of retail and private clients, intermediaries, corporates and institutions through both segregated accounts and pooled funds. HSBC Asset Management connects HSBC’s clients with investment opportunities around the world through an international network of offices in 25 countries and territories, delivering global capabilities with local market insight. As at 31 March 2021, HSBC Asset Management managed assets totaling USD621 Billion on behalf of its clients. For more information, see www.assetmanagement.hsbc.com/uk
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HSBC Holdings plc, the parent company of HSBC, is headquartered in London. HSBC serves customers worldwide from offices in 64 countries and territories in its geographical regions: Europe, Asia, North America, Latin America, and Middle East and North Africa. With assets of USD2959 Billion at 31 March 2021, HSBC is one of the world’s largest banking and financial services organisations.