HSBC has appointed its former head of wholesale distribution within Global Investments, Geoffrey Pidgeon, as the new head of Global Investments in Australia, the group has announced.
Global Investments is a core part of HSBC Australia’s wealth management offering, bringing HSBC’s global asset management capabilities into Australia.
Pidgeon, who previously worked at the Macquarie Funds Group and Rothschild Australia Asset Management, will now oversee HSBC’s wholesale wealth management business locally.
He succeeds Charles Genocchio who has since left HSBC.
HSBC Bank Australia’s head of Global Markets Gavin Powell said HSBC’s wealth management strategy was based on bringing the best of HSBC’s international investment management capabilities to Australian investors.
“Geoff’s leadership experience and knowledge of the complex wholesale wealth management market will be critical to the business as HSBC seeks to strengthen its foothold in the wealth management sector,” Powell said.
Global Investments distributes both HSBC Global Asset Management and HSBC Alternative Investments products to institutional clients and wholesale platforms. It also distributes structured investment products.
It also provides retail wealth management products and services via HSBC Premier and the bank’s financial planners.
“What differentiates HSBC in this space is our on-the-ground investment analyst coverage across the world’s fastest growing markets,” Powell said.
“With much of the emerging world benefiting from low levels of government and household debt and favourable demographics, these fast growing markets represent a compelling investment opportunity for Australian investors.”
HSBC Global Asset Management currently has local investment teams in more than 30 countries.
