HSBC Investments has created a new position based in Hong Kong to cover sovereign wealth funds and central banks in the Asia region, a market that is predicted to be worth $5.1 trillion (€3.6 trillion) by 2012.

Wayne Shum, former managing director of Franklin Templeton's institutional business in Asia, has joined HSBC as director and head of sovereigns and supranationals.

Renée Schultes

HSBC

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HSBC hires for sovereign funds

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