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Our governance

As a fiduciary with complex responsibilities, HSBC Asset Management believes it is fundamental to have a robust and transparent governance framework.

We have a legal entity-based structure that aligns with the countries in which we operate. Each business is ultimately a wholly owned subsidiary of HSBC Holdings, plc (HSBC Group), one of the largest financial services organisations in the world.

The Board of each of our regulated legal entities includes Executive Directors and a minimum of one Non-Executive Director who serves as the Chair. Non-Executive Directors are sourced from within the HSBC Group and are deemed to be independent provided they do not have line or functional responsibility for any activities of the specific legal entity or any of its subsidiaries. Certain legal entities have Non-executive Directors who are independent from the HSBC Group in order to comply with regulatory requirements and/or local best practices.

Our fund ranges have a Supervisory Body aligned to its respective legal structure, regulatory requirements, and business practices. We believe that where possible these Supervisory Bodies should include members that are independent from the HSBC Group as well as HSBC Asset Management members.

Board and Supervisory Body appointments are based on merit and candidates are considered against objective and transparent criteria, having due regard for the benefits of diversity, including amongst other things, skills, experience, age, gender, ethnic and diversity of backgrounds.

HSBC group governance

We are organisationally aligned within the HSBC Group’s Wealth and Personal Banking (“WPB”) business. As a result, the HSBC Asset Management Chief Executive Officer (“CEO”) has a direct reporting line to the Global CEO of WPB, who in turn has a direct reporting line to the Group’s CEO. Our senior executives report into the HSBC Asset Management CEO with additional functional reporting into lines, where relevant.

Global management structure

Achieving our vision requires the organisation to be dependable and to do the right thing; open to new ideas; and connected, as a single asset management team. Above all, HSBC Asset Management and our employees must act with courageous integrity by making decisions in the interests of our clients and other stakeholders, without compromising the ethical standards and integrity on which the organisation was built.

The Global Management Committee is responsible for overseeing the implementation of our strategy and ensuring an appropriate control framework and culture is operating effectively. While continually balancing the needs of various stakeholders, the Committee and its members give precedence to client and regulatory needs.

Nicolas Moreau

Nicolas Moreau

Global Chief Executive Officer
 

Xavier Baraton

Xavier Baraton

Global Chief Investment Officer

Paul Griffiths

Paul Griffiths

Global Head of Institutional Business

Edmund Tang

Edmund Tang

Global Business Chief Financial Officer

Daisy Ho

Daisy Ho

CEO, Asia Pacific

Nirmal Kumar

Nirmal Kumar

Global Head of HR

Erin Leonard

Erin Leonard

Global Head of Sustainability

Thorsten Michalik

Thorsten Michalik

Global Head of Wholesale & Partnerships

Joanna Munro

Joanna Munro

CEO HSBC Alternatives

Tim Palmer

Tim Palmer

Chief Risk Officer

Edmund Stokes

Edmund Stokes

Global Chief Operating Officer

Stuart White

Stuart White

Global Head of Strategy and UK & International CEO

Find out more about HSBC Group’s management structure