HSBC Global Asset Management relocates Simona Paravani to Hong Kong

Parvani’s global investment experience eyed to strengthen the bank’s investment team in Asia Pacific region.

HSBC Global Asset Management on Tuesday announced the relocation of Simona Paravani, Global Chief Investment Officer for Wealth, from London to Hong Kong with immediate effect.

In addition to leading the investment effort to provide wealth solutions to HSBC clients globally, including the US$7.2 billion HSBC Portfolios – World Selection1, Ms Paravani also oversees the multi-asset team in Hong Kong. She reports locally to Ayaz Ebrahim, Chief Investment Officer, Asia-Pacific, and functionally to Chris Cheetham, Global Chief Investment Officer, according to an HSBC report.

Ms Paravani has been working in the industry since 1998. She joined HSBC Global Asset Management in 2004 as Asset Allocation Economist and was Chief Investment Officer in the US from 2007 to early 2009. Prior to taking up her current position in July 2010, she was Global Investment Strategist and lead portfolio manager for the World Selection portfolios. Ms Paravani graduated from Cambridge University and is a Certified Financial Analyst charterholder.

Ayaz Ebrahim, Chief Investment Officer, Asia-Pacific of HSBC Global Asset Management, said: “Simona’s solid global investment experience, particularly in the areas of asset allocation and multimanager, can strengthen our investment team. Her relocation reflects our commitment to address the growing need for professional wealth management by Asian investors, as wealth is accumulating domestically and stronger fundamentals and corporate earnings growth will continue to attract liquidity to the region.”

Available in 26 countries and territories globally, the HSBC Portfolios – World Selection is an innovative series of investment portfolios providing highly diversified global exposure to a mix of asset classes and managers to investors with different risk appetites. The HSBC Portfolios – World Selection 1 (US Cautious Allocation) and World Selection 5 (US Aggressive Allocation) were the top performers among peers in 2010, returning 6.5 per cent and 12.4 per cent respectively.