HSBC grows development team
HSBC Asset Managementhas expanded its business development team with two additions, in an attempt to strengthen its services to the Australian retail market.
FormerZurich Investment Servicesexecutive Tim Casey andApogee Financial Planningadviser Ed Nasser have joined HSBC Asset Management as business development executives, and will provide product and strategic marketing support to the group’s network of financial planners and advisers.
In their new positions, Casey will focus on the Queensland market while Nasser will concentrate on New South Wales.
Casey, who worked in a corporate superannuation role with Zurich, has also spent five and a half years as a business development manager withCitigroup Investments.
Nasser, before joining Apogee, held various roles in Australia, Switzerland and the United Kingdom with the Chase Manhattan Investment Bank, NatWest Securities Investment Bank, Deutsche Morgan Grenfell Investment Bank and the Adre and CIE group.
“These two new roles … are another confirmation of our strategic aim to grow our business aggressively,” HSBC Asset Management chief executive officer Barry Shehan says.
Recommended for you
With the final tally for FY25 now confirmed, how many advisers left during the financial year and how does it compare to the previous year?
HUB24 has appointed Matt Willis from Vanguard as an executive general manager of platform growth to strengthen the platform’s relationships with industry stakeholders.
Investment manager Drummond Capital Partners has announced a raft of adviser-focused updates, including a practice growth division, relaunched manager research capabilities, and a passive model portfolio suite.
When it comes to M&A activity, the share of financial buyers such as private equity firms in Australia fell from 67 per cent to 12 per cent in the last financial year.