HSBC Global Asset Management appoints new director for China. HSBC Global Asset Management said it has appointed Mark Li as director for institutional business for China, starting June 15. Li will replace Susanna Wong who has left the British bank.
A 20-year veteran of the Chinese market, Li has been with HSBC for more than 10 years. Prior to HSBC, he has held various investment-related posts in several financial institutions in China.
In his new role, Li will report to Pedro Bastos, CEO Hong Kong and regional head of Asia and the Pacific.
“China is instrumental to our institutional business in Asia. Mark’s addition further strengthens HSBC’s position as one of the leading asset managers in the region by connecting our clients in China to global opportunities through our wide-ranged investment capabilities and products. With our long established local presence, HSBC is well-positioned to further seize business opportunities in China, especially as its untapped potential continues to be unleashed,” Bastos said.
At present, Li is chief investment officer for Greater China at HSBC Life Insurance.
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