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HSBC Global Asset Management Appoints Angelo Pirri to West Coast Sales Position
29 April 2013
New York, NY - HSBC Global Asset Management (USA) Inc. today announced that Angelo Pirri has joined as Vice President, Registered Investment Advisor (RIA) Sales based in San Francisco.
In this newly created role, Angelo will be responsible for distributing HSBC Global Asset Management's range of emerging market and international investment products through RIAs, Trust Companies, Private Banks and Family Offices on the West Coast. Angelo reports to Damion Hendrickson, Senior Vice President and National Head of RIA Sales at HSBC Global Asset Management.
Angelo has more than 20 years of financial services experience and has spent more than a decade working directly with the RIA channel. He was most recently with Direxion, where he was Director of Sales. Angelo has previously worked at other leading firms including Deutsche Bank, Julius Baer Investment Management and Merrill Lynch Investment Managers.
As part of its vision to be the leading asset manager for HSBC's retail, commercial and institutional clients, HSBC Global Asset Management highlights its pedigree as one of the world's largest managers of emerging markets assets: "This is a key hire for us as we build further awareness of HSBC as the 'go to' manager for emerging markets." said Damion, "Angelo's extensive experience and successful track record of driving growth in the RIA market will enable us to provide West Coast advisors with greater access to our emerging market capabilities."
In the past two years, HSBC Global Asset Management has launched five 40-Act emerging market mutual funds for U.S. investors, including the flagship HSBC Total Return Fund which has attracted more than $500 million since launch in March 2012.
Notes to editors:
1. HSBC Global Asset Management
HSBC Global Asset Management, the core investment management business of the HSBC Group, manages assets totalling more than US$428bn and is a leader in emerging markets, with over US$152bn of assets managed in global, regional and country specific emerging markets strategies across a range of asset classes as at 31 December 2012. HSBC Global Asset Management has a worldwide client base of private clients, intermediaries, corporates and institutions invested in both segregated accounts and pooled funds. HSBC Global Asset Management fulfils its purpose of connecting these customers with investment opportunities through an international network of offices in approximately 30 countries, delivering global capabilities with local market insight. (as at 31 December 2012). For more information see www.assetmanagement.hsbc.com
2. HSBC Holdings plc
HSBC Holdings plc, the parent company of the HSBC Group, is headquartered in London. The Group serves customers worldwide from around 6,600 offices in 81 countries and territories in Europe, the Asia-Pacific region, North and Latin America, and the Middle East and North Africa. With assets of US$2,693bn at 31 December 2012, the HSBC Group is one of the world's largest banking and financial services organisations.
All investments involve risk including the loss of principal. International investing involves a greater degree of risk and increased volatility, which is heightened when investing in emerging or frontiers markets. Foreign securities can be subject to greater risks than U.S. investments, including currency fluctuations, less liquid trading markets, greater price volatility, political and economic instability, less publicly available information, and changes in tax or currency laws or monetary policy. Fixed income investments are subject to credit and interest rate risks. For complete risk considerations, which should be considered carefully along with the portfolio's investment objectives and fees before investing, please refer to the fund's prospectus.
HSBC Global Asset Management is the marketing name for the asset management businesses of HSBC Holdings Plc. HSBC Global Asset Management (USA) Inc. serves as the investment adviser to the HSBC Funds. Foreside Distribution Services, L.P., member FINRA, is the distributor of the HSBC Funds and is not affiliated with the Advisor. HSBC Securities (USA) Inc., member NYSE, FINRA, SIPC is a sub-distributor of the HSBC Funds. Affiliates of HSBC Global Asset Management (USA) Inc. receive fees for providing various services to the funds.
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|ARE NOT A BANK DEPOSIT OR OBLIGATION OF THE BANK OR ANY OF ITS AFFILIATES||ARE NOT FDIC INSURED||ARE NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY||ARE NOT GUARANTEED BY THE BANK OR ANY OF ITS AFFILIATES||MAY LOSE VALUE|