World Finance Informs

HSBC has registered ten new investment funds with the Securities and Commodities Authority of the United Arab Emirates and started its onshore asset management business there. The action is a major step toward HSBC UAE asset management's growth under the country's changing investment funds framework. One of the first international asset managers to create and register a domestic onshore fund range in the United Arab Emirates is HSBC Asset Management. The move comes in the wake of recent regulatory changes intended to boost domestic capital markets and entice foreign companies to establish funds with local domiciles. The new onshore funds from...