HSBC Reportedly Plans to Merge Hang Seng’s Fund Arm with Its Own

HSBC plans to merge Hang Seng Bank’s fund arm into its own asset management unit, two people familiar with the matter told Reuters. Such a move would place the manager of Hong Kong’s largest ETF inside HSBC Asset Management. Under the plan, HSBC Asset Management would take in Hang Seng Investment Management. HSBC’s unit manages [...] The post HSBC Reportedly Plans to Merge Hang Seng’s Fund Arm with Its Own appeared first on Fintech Hong Kong.

NewsBeagle is a discovery engine. We show the headline, a short source-supplied summary and clear attribution. The complete reporting remains with the publisher.