Company Press Release

HSBC Global Asset Management Appoints Angelo Pirri to West Coast Sales Position

New York, NY – (April 29, 2013) – HSBC Global Asset Management (USA) Inc. today announced that Angelo Pirri has joined as Vice President, Registered Investment Advisor Sales based in San Francisco.

In this newly created role, Angelo will be responsible for distributing HSBC Global Asset Management’s range of emerging market and international investment products through RIAs, Trust Companies, Private Banks and Family Offices on the West Coast. Angelo reports to Damion Hendrickson, Senior Vice President and National Head of RIA Sales at HSBC Global Asset Management.

Angelo has more than 20 years of financial services experience and has spent more than a decade working directly with the RIA channel. He was most recently with Direxion, where he was Director of Sales. Angelo has previously worked at other leading firms including Deutsche Bank, Julius Baer Investment Management and Merrill Lynch Investment Managers.

As part of its vision to be the leading asset manager for HSBC's retail, commercial and institutional clients, HSBC Global Asset Management highlights its pedigree as one of the world’s largest managers of emerging markets assets: “This is a key hire for us as we build further awareness of HSBC as the 'go to' manager for emerging markets.” said Damion, “Angelo’s extensive experience and successful track record of driving growth in the RIA market will enable us to provide West Coast advisors with greater access to our emerging market capabilities.”

In the past two years, HSBC Global Asset Management has launched five 40-Act emerging market mutual funds for U.S. investors, including the flagship HSBC Total Return Fund which has attracted more than $500 million since launch in March 2012.