21 April 2023

Thorsten Michalik becomes CEO of the Management Board of HSBC Asset Management Germany

Thorsten Michalik will take over as CEO of the Management Board in addition to his role as Head of Sales Europe, Middle East, Americas & Wholesale. Niklas Georg, Head of Institutional Sales DACH, will be his deputy.

Dr. Rudolf Apenbrink, Managing Director of HSBC Germany and responsible for Global Private Banking and Asset Management, will leave the bank at his own request at the end of June 2023. Dr. Rudolf Apenbrink is saying goodbye after almost three decades in which he has played a key role in shaping HSBC Germanys asset management and private banking business.

”I look forward to building on the successful work of Dr. Rudolf Apenbrink together with my colleagues and making HSBC Asset Management's global offering accessible to our clients in Germany and Austria,” said Thorsten Michalik. “Our main focus will be on client-specific investment solutions for core asset classes in particular, as well as sustainability, alternative investments and our Asia and emerging markets expertise.”

Thorsten Michalik

Thorsten Michalik joined HSBC Asset Management in 2020 – initially as Global Head of Wholesale & Partnerships and member of the Management Board of HSBC Asset Management Germany, and since November 2022 in his current role. In addition, Thorsten Michalik is also a member of the Global Management Committee of HSBC Asset Management. Previously, he spent more than 20 years in senior positions at UBS and Deutsche Bank/DWS, most recently as Global Co-Head Distribution of DWS for Active, Passive & Alternative Investments Europe, Middle East & Asia Pacific.

”Supporting our clients in their investment decisions in an increasingly challenging market environment in the best possible way is and will remain our primary focus - not only as a provider of customized investment solutions, but also in particular as a trusted advisor,” said Niklas Georg. “In this respect, we were very pleased that our advisory quality was recently awarded 1st place in an independent customer satisfaction survey1.

Niklas Georg has been a member of the Management Board of HSBC Asset Management Germany since May 2020. As Head of Institutional Sales, he is responsible for sales activities in Germany, Austria and Switzerland. Previously, he held various positions at HSBC Germany for around ten years, most recently in Global Markets Sales for many years.

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Elvira Stark

About HSBC Germany

HSBC Germany is part of the HSBC Group, one of the world’s leading international banks, with a network across 62 countries and territories worldwide which accounts for more than 90% of global economic output. HSBC is one of the world’s largest banking and financial services organisations with assets of US$ 2,967bn at 31 December 2022. HSBC Germany’s clients are companies, institutional clients, the public sector and high net worth private clients. The bank stands for internationality, comprehensive advisory expertise, major placement power, first-class infrastructure and capital strength. HSBC Germany, which operates as HSBC Trinkaus & Burkhardt GmbH, was founded in 1785.

HSBC Asset Management

  • HSBC Asset Management, the asset manager of the HSBC Group, invests on behalf of HSBC clients worldwide in both specialist and mutual funds. Through an international network of offices in 20 countries and territories, HSBC Asset Management has a client base of private investors, institutional investors, corporations and financial intermediaries. HSBC Asset Management has approximately $617 billion in assets under management as of 31 December 2022.
  • For more information, please visit our website at https://www.assetmanagement.hsbc.de/de
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  • The opinions expressed in this document are solely those of the author(s) and the editors and interlocutors of HSBC Global Asset Management (Deutschland) GmbH and are subject to change at any time; such changes of opinion need not be published.

1zufriedenheitsstudie | Telos GmbH (telos-rating.de)