HSBC Securities Services has appointed Elaine Liu to the newly created role of head of product strategy, China, where she will be responsible for the development of the bank’s products in China in order to grow the market.
Specifically, Liu will be responsible for “the design and maintenance of the associated business operating models and come up with innovative ideas on new products,” says HSBC. She will also work closely with the regulators as HSBC looks to grow further in the market.
She will report to Ian Stephenson, global head of Fund Services, HSBC Securities Services, and will be based in Hong Kong.
“China presents huge opportunities for investors as the country continues to liberalize its capital market, witnessed by the development of its investment schemes for offshore investors including the recent expansion of RQFII (Renminbi Qualified Foreign Institutional Investors) to France, Germany and South Korea,” says Stephenson. “HSBC Securities Services has been actively supporting its clients to capture these opportunities and this appointment is a further demonstration of our commitment to supporting its clients’ strategies as they relate to growth opportunities both inside and outside of China.”
Liu joins HSBC from State Street Global Services in Hong Kong, where she served as head of client relationship, China business development. At State Street, she was responsible for client relationship management and client services for public sector clients in China.
Before joining State Street, she worked at BNY Mellon and set up the bank’s fund accounting and administration services for the Alternative Investment Services division in Hong Kong to service clients in APAC. Prior to that role, she worked for BNY Mellon subsidiary Ivy Asset Management, where she was responible for client services in Hong Kong, and she also held a role at the asset manager where she was responsible for hedge fund accounting and operations in New York. She started her career at PwC in New York.
HSBC Adds New Product Head to Grow in China
HSBC Securities Services has appointed Elaine Liu to the newly created role of head of product strategy, China, where she will be responsible for the development of the bank's products in China in order to grow the market.