HSBC Asset Management

About

HSBC Asset Management is a global asset management firm owned by HSBC Bank Group.

While it has been present in India for a long time, it had not really succeeded in generating performance or gathering assets under management.

In December 2021, it announced the acquisition of L&T Investment Management for $425 million.

https://www.business-standard.com/article/companies/hsbc-amc-acquires-l-t-mutual-fund-for-around-rs-3-200-crore-121122301329_1.html

It is understood that the L&T management team, especially the CEO, will lead the merged entity. So it’s best to refer to the dossier on L&T.

Author

Bhavna Mundhra