HSBC Partners with Australian Superannuation Association

Against a background of growing non-AUD investing by Australian superannuation funds, HSBC has unveiled a partnership with the Australian Institute of Superannuation Trustees (AIST) to inform the latter’s members of key industry trends and insights.

HSBC says the new partnership will help AIST members with international mandates, especially as they bring investment execution decisions and asset management in-house. The bank adds the partnership will form an important platform as it looks to increase its business with Australian superannuation funds across areas such as securities services, FX, real assets and asset management.

“Australian super funds’ increasing focus on offshore investment is absolutely the right strategic decision for their members given the projected size of AUM by the end of the decade,” says Nick Wheeler, head of markets and securities services, Australia and New Zealand, at HSBC. “Our knowledge of global markets combined with our suite of solutions including global asset management, securities services and access to public and private investments means we’re uniquely placed to assist asset owners and managers on their investments decisions and we believe AIST is the ideal partner and platform to deliver this insight to the industry.”

AIST CEO Eva Scheerlinck adds, “We appreciate the support provided and value added for our member funds across the profit-to-member sector by our partners, particularly by HSBC with its global reach, broad service offering and expertise in offshore markets at a time when our member funds are increasing their global investments.”