HSBC Global Asset Management (AM) has shuffled its top deck in Asia, relocating its Japan chief to Singapore and dipping into the talent pool at its banking arm to fill the vacancy in Japan.

HSBC Global AM named Patrice Conxicoeur CEO for Singapore and head of South East Asia.
Conxicoeur, whose appointment is subject to regulatory clearance, was CEO at HSBC Global Asset Management (Japan) K.K. He will be based out of Singapore.

HSBC AM has entrusted Conxicoeur with the responsibility of building its Southeast Asia business, with a focus on key markets such as Singapore, Malaysia, Indonesia, Thailand and the Philippines, it said.

A seasoned hand, Conxicoeur has been part of the asset management industry for nearly 30 years. He established his credentials as an effective leader during his stint in Japan, growing HSBC AM’s assets under distribution over 30% in his time at the helm.

Under his purview in Japan, the “asset management business has developed into a trusted partner that supports both intermediary and institutional clients”, the firm said. 

Conxicoeur headed the Japan operation for five years, before which he held a series of senior positions at the asset manager, including its global head of insurance coverage and head of institutional business in Asia Pacific. He was previously the chief executive of Sinopia Asset Management, Asia-Pacific.

FIG EXPERT TO DRIVE JAPAN AM OPS

Meanwhile, the company has picked HSBC financial institutions group (FIG) specialist Masayuki Kaneko to succeed Conxicoeur in Tokyo as the CEO of HSBC Global Asset Management (Japan) K.K.

Kaneko was deputy head of global banking and head of FIG at HSBC Japan. He joined the UK headquartered lender in 2013.

“[Kaneko] has successfully grown FIG at Global Banking and Markets from a flow-focused corporate banking franchise into a hybrid banking service delivering both event and non-flow business,” the press statement said.

Kaneko also boosted collaboration between asset management sales and global banking relationship managers, helping the institution clinch mandates in Japan.

CHASING OPPORTUNITIES IN ASEAN

With its global investment capabilities, HSBC Global AM is strategically positioned to play a key part in deploying HSBC’s wealth strategy in Asia, supplying “innovative and bespoke products” to its Wealth and Personal Banking clients across the region,” Pedro Bastos, CEO, Asia Pacific, HSBC Global AM, said.

The company is hoping to capture opportunities in Southeast Asia, fueled by its booming middle class population and the growing adoption of new technologies in the region.

“In addition, we will build on our robust credentials supporting institutional and corporate clients, as they focus on managing liquidity, diversification and alternative investments to meet long-term investment goals,” said Bastos.

The two appointees will have a reporting line to Pedro Bastos. Locally, Conxicoeur will report to Anurag Mathur, head of retail banking and wealth management in Singapore, and Kaneko, to Edward Weeks, CEO of HSBC Group in Japan.