HSBC AM combines passive products into one department

$103bn in AUM

Kathleen Gallagher
clock • 1 min read
Thorsten Michalik

Thorsten Michalik

HSBC Asset Management has moved its passive funds, mandates and solutions under a single department, ETF & Indexing, which will house a total of $103bn in assets.

The firm said the creation of the new unit "reflects the strategic importance of passives to the business". ETF & Indexing will be co-driven by the firm's investments and sales teams, led by Thorsten Michalik, who is also global head of wholesale business and partnerships. He will be supported by the Olga De Tapia, who will take up a expanded role of global head of ETF & Indexing sales, while Guillaume Rabault, CIO of quantitative equity, will oversee the ETF & Indexing team within investments. Global X ETFs lists four new UCITS ETFs in London The firm has seen the assets un...

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