HSBC Global Private Banking, Americas announced on Tuesday it has formed an agreement with financial technology firm iCapital Network to expand and streamline client access to alternative investments. HSBC reported that the partnership is part of its initiative to enhance investment management capabilities and expand its product offering for high-net-worth clients.
Speaking about the partnership, Russell Schofield-Bezer, Chief Investment Officer of HSBC Global Private Banking, Americas, stated:
“Clients looking to diversify their portfolios are increasingly interested in alternative investments. 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.”
HSBC also noted iCapital will allow its qualified clients and their investment counselors evaluate and allocate to a broad range of private equity, private credit, and hedge fund investments. Lawrence Calcano, Chief Executive Officer of iCapital Network, then added:
“We’re pleased that HSBC Global Private Banking has selected iCapital as a technology partner to help their investment counselors provide clients with streamlined and efficient access to a broad selection of alternative investments.”