HSBC appoints new Global Head of ETF Capital Markets
HSBC Asset Management has appointed Bhaven Patel as Global Head of ETF Capital Markets. Patel joined the firm on 6 April and will be based in London reporting into Carmen Gonzalez-Calatayud, Head of ETF Capability.
Patel will be responsible for running the firm’s ETF Capital Markets function and driving the liquidity strategy for its ETF platform. He 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.
Patel brings over 16 years’ experience within the ETF industry in managing the primary and secondary ETF markets and also an ETF trader. In his previous roles, he worked extensively with ETF brokers and sales teams to promote and open new geographical markets for ETFs and has been instrumental in various market structure initiatives. 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.
Carmen Gonzalez-Calatayud says: “Bhaven’s experience in designing and launching asset class-specific ETF platforms will enable us to continue expanding our growing range of ETF products and capabilities.”
Patel adds: “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.”
In 2020, HSBC Asset Management 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 Asset Management currently manages USD93.9 billion in passive and systematic strategies and USD15.5 billion in ETF strategies.