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HSBC Asset Management Boosts UK Institutional Team

HSBC Asset Management has appointed Jasvir Virk as Business Development Director for its UK institutional team
17 May 2021
    Press release

    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.

    Notes to editors

    For journalists only and should not be distributed to or relied upon by any other persons.
    Approved for issue in the UK by HSBC Global Asset Management (UK) Limited, who are authorised and regulated by the Financial Conduct Authority.
    www.assetmanagement.hsbc.com/uk
    Copyright © HSBC Global Asset Management (UK) Limited 2021. All rights reserved. 

    Note to investors

    The information contained in this press release does not constitute an offer or solicitation for, or advice that you should enter into, the purchase or sale of any security or fund. Any views expressed are subject to change at any time.

    This document is not intended for distribution to or use by any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation. This document is not and should not be construed as an offer to sell or the solicitation of an offer to purchase or subscribe to any investment.
    Any views expressed were held at the time of preparation and are subject to change without notice. While any forecast, projection or target where provided is indicative only and not guaranteed in any way. HSBC Global Asset Management (UK) Limited accepts no liability for any failure to meet such forecast, projection or target. The value of investments and any income from them can go down as well as up and investors may not get back the amount originally invested.  Where overseas investments are held the rate of currency exchange may also cause the value of such investments to fluctuate. Investments in emerging markets are by their nature higher risk and potentially more volatile than those inherent in some established markets.

    HSBC Asset Management

    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

    HSBC Asset Management is the brand name for the asset management business of HSBC Group, which includes the investment activities provided through our local regulated entity, HSBC Global Asset Management (UK) Limited.

    The HSBC Group
    HSBC Holdings plc

    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.

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