- He will be responsible for running the firm’s ETF Capital Markets function and driving the liquidity strategy for its ETF platform
- Patel will work closely with the ETF sales team to help clients with their ETF trading and execution requirements
- He brings over 16 years’ experience within the ETF industry in managing the primary and secondary ETF markets and also an ETF trader
HSBC Asset Management continues to reinforce its team with the appointment of Bhaven Patel as Global Head of ETF Capital Markets. Patel, who joined the firm on April 6, will be based in London reporting to Carmen Gonzalez-Calatayud, Head of ETF Capability.
In his new role, he will be responsible for running the firm’s ETF Capital Markets function and driving the liquidity strategy for its ETF platform. The asset manager explained in a press release that Patel will work closely with the ETF sales team to help clients with their ETF trading and execution requirements, and with the ETF operations and product development teams to help design best-in-class primary market infrastructure to support the firm’s existing product range.
Commenting on the appointment, Carmen Gonzalez-Calatayud said that Patel's experience in designing and launching asset class-specific ETF platforms will enable them to continue expanding their "growing range of ETF products and capabilities".
Patel highlighted that HSBC Asset Management’s ETF business has seen "momentous growth" over the past year and it is "an exciting time" to join the firm. "I am looking forward to helping the company bring innovative products to the market", he added.
Patel brings over 16 years’ experience within the ETF industry in managing the primary and secondary ETF markets and also an ETF trader. He joins from DWS Xtrackers where he was Director, ETF Capital Markets for six years. Prior to that, he was part of the iShares ETF Capital Markets team and also worked for the ETF and delta one trading teams at Credit Suisse and Morgan Stanley.
In 2020, HSBC AM set out its strategy to re-position the business as a core solutions and specialist emerging markets, Asia and alternatives focused asset manager, with client centricity, investment excellence and sustainable investing as key enablers. Growing its ETF range, particularly in areas such as ESG, Asia and fixed income, is one of the firms’ strategic growth initiatives. HSBC AM currently manages USD93.9 billion in passive and systematic strategies and USD 15.5 billion in ETF strategies.