HSBC Bank Australia has appointed Chris Comino to run institutional sales for its global investments division.
He will be responsible for growing the Global Investments institutional business in Australia, which includes managing relationships with key institutional clients and consultants, in addition to marketing and distributing products manufactured by HSBC's specialist asset management business divisions.
Prior to joining HSBC, Comino was Merrill Lynch structured and alternatives group head of sales and marketing and previously worked for HFA Asset Management and ipac investment services.
"I am delighted to have a person with Chris's experience in our team to drive the expansion of HSBC's institutional investor segment in Australia." HSBC head of global investments in Australia Geoffrey Pidgeon said.
"Australia is strategically important for the HSBC Group, because it is a net exporter of wealth."
"It is well documented that the Australian superannuation market is projected to reach $2,501 billion at June 2019 and when you combine this forecast with an increasing demand for emerging market assets, HSBC is positioned very strongly in the region to align ourselves with this growth."
He said HSBC had also seen growing interest from institutional clients in customised hedge funds solutions tailored to their own alternative investment programs.
"Inflation linked product is another area of growing demand from institutions, as they seek to manage exposure to market factors like output gaps, food and energy prices, and the effects of monetary policy," he said.
