HSBC has restructured its asset management business globally into two new entities, HSBC Investments and HSBC Halbis Partners, to replace HSBC Asset Management.
We're introducing a boutique culture, says Au King-lun, head of institutional and private client business in Hong Kong, of Halbis which stands for HSBC Alpha Business Partners. It's a separate company designed only to produce performance in active management for equities, bonds and single-manager hedge fund strategies.
Alain Dromer, HSBC group investment business CEO in London, says, For customers seeking pure performance or alpha, we believe that large all-encompassing firms are not best placed to provide this.
Halbis will...
