HSBC Mutual Fund

HSBC Mutual Fund Details

As a fiduciary with complex responsibilities, HSBC Mutual Fund believes it is fundamental to have a robust and transparent governance framework. We have a legal entity-based structure that aligns with the countries in which we operate. Each business is ultimately a wholly owned subsidiary of HSBC Holdings, plc (HSBC Group), one of the largest financial services organisations in the world. The Board of each of our regulated legal entities includes Executive Directors and a minimum of one Non-Executive Director who serves as the Chair. Non-Executive Directors are sourced from within the HSBC Group and are deemed to be independent provided they do not have line or functional responsibility for any activities of the specific legal entity or any of its subsidiaries. Certain legal entities have Non-executive Directors who are independent from the HSBC Group in order to comply with regulatory requirements and/or local best practices. Our fund ranges have a Supervisory Body aligned to its respective legal structure, regulatory requirements, and business practices. We believe that where possible these Supervisory Bodies should include members that are independent from the HSBC Group as well as HSBC Asset Management members. Board and Supervisory Body appointments are based on merit and candidates are considered against objective and transparent criteria, having due regard for the benefits of diversity, including amongst other things, skills, experience, age, gender, ethnic and diversity of backgrounds.