HSBC Global Private Banking Partners with iCapital Network to Enhance Alternatives Offering for High Net Worth Clients
October 09 2018 - 11:00AM
Business Wire
HSBC Global Private Banking, Americas today announced an
agreement with financial technology firm iCapital Network
(“iCapital”) to expand and streamline client access to alternative
investments. The partnership is part of Global Private Banking’s
initiative to enhance investment management capabilities and expand
its product offering for high-net-worth clients.
“Clients looking to diversify their portfolios are increasingly
interested in alternative investments,” said Russell
Schofield-Bezer, Chief Investment Officer, HSBC Global Private
Banking, Americas. “Our partnership with iCapital provides our
clients with the platform and technology to access a broader
product suite and seamlessly integrate alternatives into their
investment allocations.”
iCapital will allow HSBC’s qualified clients and their
investment counsellors to evaluate and allocate to a broad range of
private equity, private credit, and hedge fund investments. The
platform offers access to:
- Select fund managers who have
previously worked almost entirely with institutional
investors;
- A robust set of analytical tools and
due diligence information to evaluate the investment merits of a
given offering; and
- Online investing at levels well below
industry minimums of $5+ million
“We’re pleased that HSBC Global Private Banking has selected
iCapital as a technology partner to help their investment
counsellors provide clients with streamlined and efficient access
to a broad selection of alternative investments,” said
Lawrence Calcano, Chief Executive Officer of iCapital Network.
“Our mission to democratize alternative investments is providing
advisors and their qualified investors with a more complete toolkit
as they seek to construct thoughtful portfolios.”
Notes to editors:
HSBC Private Banking
As part of the HSBC Group, one of the world’s largest banking
and financial services organizations, HSBC Private Banking seeks to
be the leading international private bank for business owners and
their families. It provides clients with wealth, business and
family succession solutions in the largest and fastest growing
markets around the world. HSBC Private Banking is the marketing
name for the private banking business conducted by the principal
private banking subsidiaries of the HSBC Group. HSBC Private
Banking is the marketing name for the private banking business
conducted by the principal private banking subsidiaries of the HSBC
Group worldwide. In the United States, HSBC Private Banking offers
banking services through HSBC Bank USA, N.A. and HSBC Private Bank
International, and provides securities and brokerage services
through HSBC Securities (USA) Inc. HSBC Bank USA, N.A. - Member
FDIC. Investments and certain insurance products, including
annuities, are offered by HSBC Securities (USA) Inc. (HSI), member
NYSE/FINRA/SIPC. In California, HSI conducts insurance business as
HSBC Securities Insurance Services. License #: 0E67746. HSI is an
affiliate of HSBC Bank USA, N.A. Whole life, universal life and
term life are provided by unaffiliated third parties and are
offered through Insurance Agents of HSBC Insurance Agency (USA)
Inc., which is a wholly owned subsidiary of HSBC Bank USA, N.A.
Products and services may vary by state and are not available in
all states. California license # OD36843 For more information,
visit www.hsbcprivatebank.com
HSBC Bank USA, National Association (HSBC Bank USA,
N.A.) serves customers through retail banking and wealth
management, commercial banking, private banking, and global banking
and markets segments. It operates bank branches in: California;
Connecticut; Delaware; Washington, D.C.; Florida; Maryland; New
Jersey; New York; Pennsylvania; Virginia; and Washington. HSBC Bank
USA, N.A. is the principal subsidiary of HSBC USA Inc., a
wholly-owned subsidiary of HSBC North America Holdings Inc. HSBC
Bank USA, N.A. is a Member of FDIC. Investment and brokerage
services are provided through HSBC Securities (USA) Inc., (Member
NYSE/FINRA/SIPC) and insurance products are provided through HSBC
Insurance Agency (USA) Inc.
About iCapital Network
iCapital Network is the financial technology platform
democratizing alternative investments with complete tech-based
solutions for wealth advisors and asset managers. The firm’s
flagship platform offers a curated menu of private equity and hedge
funds at lower minimums with a full suite of due diligence and
administrative support in a secure digital environment to advisory
professionals and their qualified clients. Banks and asset managers
leverage iCapital’s tech-enabled services to streamline and scale
their private investments operational infrastructure. iCapital was
included in the 2018 Forbes FinTech 50 and as of June 30, 2018,
serviced more than $6 billion in invested capital across more than
14,000 underlying accounts.
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version on businesswire.com: https://www.businesswire.com/news/home/20181009005057/en/
Media enquiries:Matt Ward, 212-525-1931,
matthew.m.ward@us.hsbc.comEmma Murphy, 718-875-4545,
icapital@neibartgroup.com
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