HSBC Securities Services has lost a senior manager of investment manager relations, whose primary responsibility was the bedrock BT/Westpac relationship.
Danny Chidiac came to HSBC SS with its Westpac acquisition in 2006, but will shortly move to a senior product role at Russell Investment Group, reporting to head of product Shannon Vetto. HSBC SS head of client services, John Butler, said a replacement for Chidiac would be announced shortly.
04/12/2007
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Investments
Canada has established its first national-level sovereign wealth fund with a seed of C$25 billion to underwrite “nation-building” projects like ports, mines and energy infrastructure. In an unusual funding mechanism, the fund will issue a retail product that will allow individual investors to invest with the SWF and “participate in Canada’s growth”.
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