HSBC considers asset management business in Malaysia

Pedro Gonçalves
clock • 1 min read

HSBC is planning to set up an asset management business in Malaysia and has applied for a licence from the country's securities regulator, according to local English language business weekly The Edge. This would make Malaysia the second Southeast Asian country after Singapore to house the bank's asset management operations under HSBC Global Asset Management. HSBC is now building up a core asset management team in Malaysia as required by Securities Commission Malaysia (SC), The Edge says, citing an unnamed source. "It is in the midst of setting up its team, looking to hire a chief e...

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