industry news
HSBC has merged its Jersey funds business with its Dublin life insurance business, to form a single company, HSBC Offshore Global Funds and Insurance. The new company will continue to operate from both jurisdictions, with a plan to create a new integrated range of investment funds and insurance-linked income and investment solutions to HSBC's offshore customers. The combined unit will continue to employ 40 staff, a number which could increase as new product ranges are developed. According to Darren Wilson, senior manager of offshore investments, the strategy behind the merger is to target...
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