Investments

HSBC Asset Management appoints Daisy Ho as new Regional CEO for Asia Pacific & Hong Kong

Based in Hong Kong, Daisy will join HSBC AM on 8 November and report to CEO Nicolas Moreau.

Daisy has over 20 years’ experience in the asset management industry and joins from Fidelity International, where she was President for China overseeing the firm’s overall China strategy across business, investments, operations and other key functions. Prior to that, she was Managing Director, Asia ex-Japan & Middle East.

Daisy joined Fidelity in 2005 as Head of Relationship Management, Institutional Business, Hong Kong and was later appointed Head of Institutional Business, Asia ex-Japan. Prior to joining Fidelity, Daisy held senior management roles in the wealth management and asset management divisions of JPMorgan, AXA and Hang Seng Bank. 

In her new role, Daisy will be responsible for leading and growing HSBC AM’s business in Asia Pacific by continuing to build on the firm’s strength in Hong Kong, increasing its market share across core markets and expanding its footprint in mainland China, India and ASEAN. Her role will also involve the CEO responsibilities for HSBC AM Hong Kong. 

Daisy replaces Pedro Bastos who is moving to a newly created role as CIO International Markets & Asia Strategist. Pedro will work closely with the asset class CIOs and CIOs of the firm’s International Markets, a group of 11 markets managed on a local basis, to support their local investment teams in achieving their objectives. As Asia Strategist, Pedro will contribute to promoting the firm’s global house views and Asia macro and investment views. He will continue to be based in Hong Kong.

 

Nicolas Moreau, CEO, HSBC Asset Management, commented: “Our business in Asia has seen significant momentum, with AUM growing 11% YoY as at 30 September 2021 and 12% YoY in 2020, driven by strong net flows and positive fund performance. Daisy’s extensive experience and knowledge of the fast-growing markets in Asia Pacific will prove invaluable to fulfilling our ambition of becoming a leading international asset manager in the region and supporting HSBC’s Asia Wealth strategy.”