HSBC GAM to grow ETF offering in 2020 while expanding senior team

The plans are part of HSBC GAM's ambition to "substantially grow" their ETF offering for 2020 and beyond, and include the creation of around 15 new roles over the year, the firm said.

New roles will span a variety of functions, including product development, operations, sales specialists, capital markets, marketing and ETF strategists.

The new ESG ETFs will focus on Europe, US, Japan, developed markets, emerging markets, Asia, UK and Europe ex-UK. HSBC GAM also has plans to develop a fixed income ETF platform, with further hopes to launch a passive platform for precious metals later in the year.

HSBC Global Asset Management global CEO Nicolas Moreau (pictured) said: "ETFs are still one of the fastest growing investment products in Europe and Asia, and we are seeing increased demand from our clients for ESG-focused ETFs. Combining our responsible investment and ETF expertise is a natural next step for us."

HSBC GAM's global leadership team has also seen a shake up, with three new appointments reporting into Moreau.

Christophe de Backer has been appointed global head of wholesale business and partnerships, bringing with him over 30 years' experience in the industry. He is currently a director on the boards of both HSBC GAM and HSBC Global Private Banking and will focus on developing the firm's wholesale client business in this new role.

Edmund Stokes has been appointed global chief operating officer, leaving behind his role as global head of product, which he assumed in 2011. Prior to that, he was COO of Asia Pacific.

Meanwhile, global head of client strategy Brian Heyworth will take up the role of HSBC GAM's global head of institutional business, having been with the firm since 2006. Heyworth joined as head of global market sales EMEA, before assuming the role of global co-head of the Financial Institutions Group, global banking and markets in 2011.

He will be responsible for the strategic development of the institutional client business.

Moreau added: "Brian and Christophe will be instrumental in further developing our proposition to two distinct sets of clients and clearly differentiating our offering in a competitive marketplace.

"Edmund will play a key part in leading the strategic and commercial development of our global operational service capabilities to help in the delivery of our strategy.

"Building on the strong foundations that we already have in place, I'm confident that these newly created roles will prove invaluable in delivering our ambitious growth plans while continuing to deliver an exceptional service to our clients."

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