Fund Management
HSBC Private Banking Says Forms "Strategic Partnership" With Fund, ETF Groups

The private bank said has teamed up with 25 strategic partners to offer "bespoke and exclusive solutions" for clients.
HSBC
Private Banking today said it has formed a strategic
partnership programme with selected fund management and exchange
traded funds groups, although the identity of these 25 entities
is not being disclosed at the present time.
The private bank said it intends to develop “deeper relationships
with fund providers, and offer even better and more consistent
investment services for its HNW and UHNW clients around the
world” it said.
Some 25 “strategic partners” will offer “bespoke and exclusive
solutions for HSBC Private Banking clients, material tailored
specifically to its clients’ needs, and more opportunities for
HSBC Private Banking clients to engage with leading specialists
within the partner firms”, the private bank said in a
statement.
“Between them, the strategic partners’ funds offer access to a
full range of different asset classes, geographies and styles.
Additionally, HSBC will continue to offer clients access to
funds from other third parties, as a part of its broader ‘open
architecture’ approach,” it continued.
WealthBriefing asked HSBC Private Banking who the
strategic partners are, and a spokesperson said the identities
could not, at least not yet, be disclosed reasons of commercial
confidentiality.
Jean-Christophe Gerard, Global Head of Investment Products at
HSBC Private Banking said: “we went through a rigorous exercise
to identify the fund management houses we want to work with more
closely, and between them they are well-positioned to meet our
client’s complex needs. However, selecting our strategic
partners was just the start, not the end of the process.”