HSBC to grow alternative funds in broader Asean market

Singapore

HSBC is zeroing in on Asean markets to beef up its asset management business in the region, specifically as it expands its focus on alternative assets and ESG (environmental, social and governance) funds.

This strategy refresh has the bank shifting away from a distribution-only model to include in-house funds from this year, carving out new investment teams to meet demands, a top executive told The Business Times.