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Press release from Business Wire

Deborah Hazell Appointed Regional Head of HSBC Global Asset Management, North America

Thursday, July 07, 2011

Deborah Hazell Appointed Regional Head of HSBC Global Asset Management, North America12:29 EDT Thursday, July 07, 2011 NEW YORK (Business Wire) -- HSBC Global Asset Management (USA) Inc. (HSBC) today announced the appointment of Deborah Hazell as Regional Head of HSBC Global Asset Management, North America. Based in New York City and reporting to Kevin Martin, Head of Retail Banking and Wealth Management and Marketing for North America, Hazell oversees all aspects of HSBC's asset management operations in the United States, Canada and Bermuda. She is responsible for developing and implementing strategic plans, based on the division's global strategy, to increase the scale and presence of the business in these important markets. In particular, Hazell is focused on expanding the reach of HSBC's emerging markets expertise and introducing the full breadth of these global capabilities to the North American institutional and retail investor base. Commenting on the appointment John Flint, CEO HSBC Global Asset Management said, “Deborah brings a wide range of asset management and leadership experience which will help us further grow our business in this important region. Her appointment also demonstrates our focus on increasing our scale across both the North American institutional and retail asset management markets.” Hazell joins HSBC from Fischer Francis Trees & Watts (FFTW) where she served as President and Chief Executive Officer from February 2008 to May 2011. Prior to her appointment as CEO, she was responsible for managing the firm's client service, business development and marketing groups. She also spent nine years as a portfolio manager at UBS Asset Management in New York where she managed global fixed income portfolios. Prior to that, she managed global fixed income portfolios at Chase Investors International and at Saudi International Bank, in London. Hazell, who has more than 25 years of asset management experience, holds a B.A. (Honors) summa cum laude in economics from New York University. Sylvia Coutinho, who was previously Chief Executive Officer, HSBC Global Asset Management, Americas, has taken an expanded role as HSBC Head of Retail Banking and Wealth Management, Latin America. Notes to editors:HSBC Global Asset Management HSBC Global Asset Management manages assets totaling US$443.5 billion, and is a leader in emerging markets, with $145 billion invested in this asset class. Through its network of offices in approximately 30 countries globally, HSBC Global Asset Management has a worldwide client base of institutions, corporates, private clients and intermediaries, invested in both segregated accounts and pooled funds. (All figures as at 31 December, 2010). For more information see HSBC Holdings plc HSBC Holdings plc, the parent company of the HSBC Group, is headquartered in London. The Group serves customers worldwide from around 7,500 offices in 87 countries and territories in Europe, the Asia-Pacific region, the Americas, the Middle East and Africa. With assets of $2,455 billion at 31 December 2010, HSBC is one of the world's largest banking and financial services organizations. HSBC is marketed worldwide as “the world's local bank.” HSBC Bank USA, Inc.Media:Juanita Gutiérrez,