West AM, the institutional investment arm of Germany's fourth largest bank West LB, is beefing up its presence Australia and Brazil.

The firm purchased a boutique investment manager from HSBC in Sydney that manages A$500m (€273.7m) in Australian equities for institutional clients. It was previously known as HSBC Quant, but is now called West AM Australia.

Maha Khan

HSBC

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West AM moves into Brazil and Australia

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