HSBC Asset Management

The job cuts in HSBC's regional hub Hong Kong started on Monday, where at least four managing directors were let go, with three of them based in Hong Kong and one in Singapore

Unemployment, corruption, inflation and taxation are the biggest worries of the wealthy Indian entrepreneurs. However, three out of four (75 per cent) feel supported by the government

Reported $300 million in savings would be a fraction of group costs that reached $16.3 billion in the first six months this year, 5 per cent higher than in the same period a year ago

One of the main tasks for Quinn after he took over was to improve returns for shareholders, and he sought to do that by shrinking the bank's footprint in non-profitable markets

HSBC MF acquired L&T MF in 2022, leading to a multifold rise in its AUM. At the time of acquisition, L&T MF had an AUM of around Rs. 71,000 crore

L&T Finance Holdings said it has received Rs 3,485 crore from HSBC AMC as sale proceeds

Fair trade regulator CCI has approved the acquisition of L&T Investment Management Ltd by HSBC Asset Management (India) Pvt Ltd. "Commission approves acquisition of 100 per cent share capital of L&T Investment Management Ltd (L&T AMC) by HSBC Asset Management (India) Private Limited (HSBC AMC)," the regulator said in a tweet. The transaction involves the acquisition by HSBC AMC and its nominees of 100 per cent share capital of L&T AMC from L&T Finance Holdings Ltd and its nominees, a notice filed with the regulator said. Simultaneously, there will be a change in the sponsorship, trusteeship, management and administration of the L&T Mutual Fund schemes managed by L&T AMC. The L&T MF schemes will be managed and operated by HSBC AMC, and HSBC Trustee will be appointed as the trustee of the L&T Mutual fund. "Pursuant to the proposed transaction, the L&T MF will comprise part of and be considered to form an integral part of the HSBC Mutual Fund ...

The bank sold its French retail business to American investment group Cerberus in June, marking another step in plans to focus on Asia and trim exposure to Europe and North America

If the conversion rate of Rs 75 is taken, the deal will be worth approximately Rs 3,188 crore

The divestment of mutual fund business is in line with the strategic objective of L&T Finance Holdings of unlocking value from its subsidiaries to strengthen its balance sheet, says the company

Move will enable investors to seamlessly buy Smallcase-curated ETFs from the websites or apps of HDFC AMC, Motilal Oswal AMC, Axis AMC and DSP Investment Managers

In a Q&A, he says that as for earnings growth, the cycle is bottoming out