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HSBC Asset Management appoints Head of Asia Multi-Asset

01 June 2022

    HSBC Asset Management (“HSBC AM”) announces that it has appointed Yiğit Onat as Head of Multi-Asset, Asia, effective 20 June 2022. Based in Hong Kong, Yiğit Onat will report functionally to Jean Charles Bertrand, Global Multi-Asset Chief Investment Officer (“CIO”), and locally to Cecilia Chan, Asia Pacific CIO.

    Subject to regulatory approval, Yiğit will be responsible for the multi-asset team in Hong Kong, which manages HSBC AM’s flagship life cycle, income and MPF multi-asset solutions. He will lead a team of six multi-asset investment professionals located in Hong Kong and be supported by more than 70 professionals in 14 countries and territories.

    Yiğit brings with him over 20 years of investment experience, most recently as CIO for HSBC AM Turkey where he led a team of 10 portfolio managers and investment analysts focusing on globally-diversified wealth management and multi-asset investment funds for pension and insurance companies. Prior to that, Yiğit was Head of Equities in Turkey and lead manager of the HSBC GIF Turkey Equity Fund.

    Jean Charles Bertrand said: "Multi-asset is a key component of our long-term growth strategy in delivering investment excellence to our clients. With over two decades of experience in managing global portfolios including investments in Asian markets, Yiğit is best placed to develop our range of solutions in Asia and bring value to our clients. We are very pleased to have him lead our multi-asset team in Hong Kong and contribute to our global multi-asset investment decisions.”

    Yiğit will succeed Denis Gould, who currently leads the Multi-Asset & Wealth team in Hong Kong and will retire from HSBC AM on 31 August 2022 after a successful career.

    Jean Charles added: “We would like to express our gratitude towards Denis, who has been instrumental in the success of our multi-asset solutions in Asia where our assets (on AUD basis) have nearly doubled to about USD60bn over the last five years.”

    Media enquiries:

    Teresa Yim +852 2288 1625

    Grace Lam +852 3663 5877

    Important information

    This document is prepared for general information purposes only and does not have any regard to the specific investment objectives, financial situation and the particular needs of any specific person who may receive it. Any views and opinions expressed are subject to change without notice. This document does not constitute an offering document and should not be construed as a recommendation, an offer to sell or the solicitation of an offer to purchase or subscribe to any investment. Any forecast, projection or target where provided is indicative only and is not guaranteed in any way. HSBC Global Asset Management (Hong Kong) Limited (“AMHK”) accepts no liability for any failure to meet such forecast, projection or target. AMHK has based this document on information obtained from sources it reasonably believes to be reliable. However, AMHK does not warrant, guarantee or represent, expressly or by implication, the accuracy, validity or completeness of such information. Investment involves risk. Past performance is not indicative of future performance. Please refer to the offering document for further details including the risk factors. This document has not been reviewed by the Securities and Futures Commission. Copyright © HSBC Global Asset Management (Hong Kong) Limited 2022. All rights reserved. This document is issued by HSBC Global Asset Management (Hong Kong) Limited.

    HSBC Asset Management

    HSBC Asset Management, the investment management business of the HSBC Group, invests on behalf of HSBC’s worldwide customer base of retail and private clients, intermediaries, corporates and institutions through both segregated accounts and pooled funds. HSBC Asset Management connects HSBC’s clients with investment opportunities around the world through an international network of offices in 25 countries and territories, delivering global capabilities with local market insight. As at 31 March 2022, HSBC Asset Management managed assets totaling US$618bn on behalf of its clients.

    The Hongkong and Shanghai Banking Corporation Limited

    The Hongkong and Shanghai Banking Corporation Limited is the founding member of the HSBC Group. HSBC serves customers worldwide from offices in 64 countries and territories in its geographical regions: Europe, Asia, North America, Latin America, and Middle East and North Africa. With assets of US$3,022 billion at 31 March 2022, HSBC is one of the largest banking and financial services organisations in the world.