HSBC Asset Management Appoints Senior Vice President, ETF & Indexing Business Development
HSBC Asset Management (HSBC AM) has announced that it has appointed Cheong Mun Fai as Senior Vice President, ETF & Indexing Business Development, effective 1 December, 2021.
Based in Singapore, Mun Fai reports to Jacqueline Pang, Head of ETF and Indexing Sales, Asia Pacific.
In his new role, Mun Fai is responsible for driving the growth and distribution of HSBC and Hang Seng ETF and Indexing business, covering various segments ranging from insurance companies, asset managers, pension, private banks and financial intermediaries.
Mun Fai brings with him a wealth of industry experience. Prior to joining HSBC Asset Management, he was Vice President at State Street Global Advisors and was responsible for leading the SPDR ETF sales effort across the institutional and intermediary channels in Singapore. Prior to that, Mun Fai was a discretionary portfolio manager at CTBC Private Bank where he built portfolios for high net worth investors. Before that, Mun Fai was a Client Portfolio Manager for Asian equities at Eastspring Investments. In the early part of his career, Mun Fai joined Mercer Investment Consulting where he advised institutional investors on their investment programmes including asset allocation policy and external manager selection process.
Commenting on the appointment, Jacqueline Pang said: “To capture the immense growth opportunities of passive business of ETFs and indexing, one of the fastest growing investment products in Asia, we are building out our passive solutions positioned around emerging markets and Asia. We are also expanding our sales team to continue to meet the investment needs of our clients. Mun Fai’s extensive client and ETF market experience will be invaluable to help grow our ETF capabilities in the region.”
In 2020, HSBC Asset Management set out its strategy to re-position the business as a core solutions and specialist emerging markets, Asia and alternatives focused asset manager, with client centricity, investment excellence and sustainable investing as key enablers.
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