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HSBC Global Asset Management (UK) Limited: investment adviser
HSBC Global Asset Management (UK) Limited is an investment adviser registered with the SEC (file 801-71863, CRD 154700). What it reports on Form ADV: assets and clients, fees, owners, disciplinary history and its client brochure. From the SEC's Investment Adviser Public Disclosure site; read Oct 21, 2026.
- Assets managed
- $260.2B
- Discretionary
- 100%
- Accounts
- 294
- Employees
- 399
- In advisory roles
- 194
- Disclosures
- 5
Company page · SEC adviser record · Full Form ADV (PDF)
The firm reports no custody of client cash or securities.
Form ADV Part 1A, Item 5, as filed on the SEC Investment Adviser Public Disclosure site; read Oct 21, 2026.
Clients and fees
Whom the firm advises and how it is paid, from Items 5.D, 5.E and 5.G.
| Client type | Clients | Assets | Share |
|---|---|---|---|
| Banks and thrifts | 10 | $19.6B | 7.5% |
| Private funds and other pooled vehicles | 238 | $215.6B | 82.8% |
| Pension and profit-sharing plans | 5 | $1.9B | 0.7% |
| State and local governments | 3 | $6.1B | 2.3% |
| Insurance companies | 27 | $15.9B | 6.1% |
| Corporations | 11 | $1.3B | 0.5% |
How it is paid
- A percentage of assets under your management
- Fixed fees (other than subscription fees)
- Performance-based fees
Services
- Portfolio management for individuals and/or small businesses
- Portfolio management for pooled investment vehicles (other than investment companies)
- Portfolio management for businesses (other than small businesses) or institutional clients (other than registered investment companies and other pooled investment vehicles)
- Selection of other advisers (including private fund managers)
Who owns it
Schedule A lists direct owners of 5% or more (and officers who own a stake); Schedule B lists the owners of those owners.
Direct owners (Schedule A)
| Owner | Type | Role | Stake | Since | Control | Public company |
|---|---|---|---|---|---|---|
| HSBC Asset Management UK Holdings Limited | Company (outside the U.S.) | Holding company | E 75% or more | Aug 2026 | Yes |
Indirect owners (Schedule B)
| Owner | Owns a stake in | Type | Stake | Control | Public company |
|---|---|---|---|---|---|
| HSBC Asset Management | HSBC Asset Holdings Limited | Company (outside the U.S.) | E 75% or more | Yes | |
| HSBC Holdings PLC | HSBC Asset Management Company Holdings Limited | Company (outside the U.S.) | E 75% or more | Yes |
Form ADV reports ownership in bands, not exact stakes: A means 5% to 10%, B 10% to 25%, C 25% to 50%, D 50% to 75%, E 75% or more. F marks a general partner, trustee or managing member, a role that controls the firm without a percentage. Owners of less than 5% are not listed.
Form ADV Schedules A and B, via the SEC Investment Adviser Public Disclosure site.
Disciplinary history
What the firm disclosed under Item 11 of Form ADV. A disclosure is the firm's own report: pending matters are allegations, not findings, and many settlements are made without admitting or denying them. Text is quoted from the filing, set in sentence case.
Item 11 questions answered Yes
These questions cover the firm and its advisory affiliates.
- Has any other federal regulatory agency, any state regulatory agency, or any foreign financial regulatory authority: ever found you or any advisory affiliate to have made a false statement or omission, or been dishonest, unfair, or unethical?
- Has any other federal regulatory agency, any state regulatory agency, or any foreign financial regulatory authority: ever found you or any advisory affiliate to have been involved in a violation of investment-related regulations or statutes?
- Has any other federal regulatory agency, any state regulatory agency, or any foreign financial regulatory authority: in the past ten years, entered an order against you or any advisory affiliate in connection with an investment-related activity?
Actions about affiliates (5)
- Feb 21, 2025Regulatory Action: UK Competition and Markets Authority (Cma) FinalAbout an affiliate: HSBC Holdings PLCSanctions: Civil and Administrative Penalt(ies) /Fine(s) · Fine: $30.0M · Begun May 24, 2023 · Resolved Feb 21, 2025 · Settled
In May 2023 the competition and markets authority issued a statement of objections to five banks (Deutsche bank, Morgan stanley, royal bank of Canada, Citi, and HSBC). In February 2025, the competition and markets authority announced that it had reached a settlement with HSBC. HSBC accepted that a single HSBC trader had shared competitively sensitive information on 12 separate occasions with a Deutsche bank trader in a one-to-one chatroom from October 2009 to July 2010. The information concerned the issuing and trading of gilts.
N/a
N February 2025, HSBC Holdings (as parent) and HSBC bank PLC accepted that a single HSBC bank PLC trader had shared competitvely-sensitive information with Deutsche bank on 12 occassions over 2009-2010. HSBC has agreed to pay a fine of GBP £23.4m (approx usd $30m). No information Filed
- Dec 2, 2021Regulatory Action: The European Commission ("The Commission") FinalAbout an affiliate: HSBC Bank PLCSanctions: Civil and Administrative Penalt(ies) /Fine(s) · Fine: $197.0M · Begun Dec 2, 2021 · Resolved Dec 2, 2021 · Settled
The european commission in December 2021 completed a cartel investigation into the foreign exchange ('forex') spot trading market by imposing fines on five financial institutions, including HSBC holdings PLC. The commission's investigation focused on the trading of the G10 currencies. The commission's investigation revealed that some traders in charge of the forex spot trading of G10 currencies, acting on behalf of the fined banks, exchanged sensitive information and trading plans, and occasionally coordinated their trading strategies through an online professional chatroom. The commission found that these information exchanges enabled the traders tomake informed market decisions on whether and when to sell or buy the currencies they had in their portfolios, as opposed to a situation where traders acting independently from each other take an inherent risk in taking these decisions. Occasionally, these information exchanges also allowed the traders to identify opportunities for coordination, for example through a practice called "standing down", whereby some of them would temporarily refrain from trading to avoidinterfering with another trader. HSBC cooperated with the investigation and has paid the fine noted below
Fine announced by the commission on 12/2/21
HSBC holdings caused the fine to be paid within in the timeframe directed by the commission.
- Aug 2, 2021Regulatory Action: U.S. Department of Justice (DOJ) FinalAbout an affiliate: HSBC Holdings PLCSanctions: Civil and Administrative Penalt(ies) /Fine(s) · Fine: $101.5M · Begun Jan 18, 2018 · Resolved Aug 2, 2021 · Consent · Docket CASE1:18 CR 00030 LDH
In January 2018, following the conclusion of the US Department of Justice's (DOJ) investigation into HSBC's historical foreign exchange activities, HSBC Holdings entered into a three-year deferred prosecution agreement with the criminal division of the DOJ (the FX dpa), regarding fraudulent conduct in connection with two particular transactions in 2010 and 2011. In January 2021, the FX dpa expired and, in August 2021, the charges deferred by the FX dpa were dismissed.
- Sep 29, 2017Regulatory Action: Governors of the Federal Reserve System (The "Federal Reserve") FinalAbout an affiliate: HSBC Holdings PLC; the full record is on the affiliate's own Form ADVSanctions: Cease and Desist; Monetary fine · Begun Sep 29, 2017 · Resolved Sep 29, 2017 · Consent · Docket 17-010-B-FB; 17-010-B-HC; 17-010-CMP-FB; 17-010-CMP-HC
In September 2017, following the conclusion of the US Federal Reserve board's review of the effectiveness of HSBC's FX practices during the period of October 2008 through October 2013, HSBC Holdings PLC and HSBC north america holdings inc. entered into a consent order regarding certain deficiencies in HSBC's control and oversight over its FX business. HSBC through various subsidiaries of holdings, including hbeu and hbus, lacked adequate governance, risk management, compliance and audit policies and procedures to ensure that HSBC's covered FX activities complied with safe and sound banking practices and applicable internal policies. On August 18, 2023, the Federal Reserve board concluded that HSBC was in full compliance and terminated the consent order
Pursuant to the federal deposit insurance act, the Federal Reserve issued a consent order to cease and desist and assessment of a civil money penalty (the "order"). Accordingly, HSBC shall cease and desist with respect to the deficiencies documented in the order and take affirmative action relating to internal controls and compliance oversight over certain markets activity. On September 29, 2017, HSBC paid a civil money penalty in the amount of $175,296,000.
In September 2017, following the conclusion of the US Federal Reserve board's review of the effectiveness of HSBC's FX practices during the period of October 2008 through October 2013, HSBC Holdings PLC and HSBC north america holdings inc. entered into a consent order regarding certain deficiencies in HSBC's control and oversight over its FX business (including HSBC's failure to detect and address its traders' misuse of confidential customer information, as well as the use of electronic chatrooms to communication with competitors about trading positions
- Dec 7, 2016Regulatory Action: The European Commission ("The Commission") FinalAbout an affiliate: HSBC Holdings PLCSanctions: Civil and Administrative Penalt(ies) /Fine(s) · Fine: $37.8M · Begun Dec 7, 2016 · Resolved Dec 7, 2016 · Other
In December 2016, the european commission (the 'commission') issued a decision that in early 2007 HSBC, among other banks, colluded on euro interest rate derivative pricing elements, and exchanged related sensitive information, in breach of EU antitrust rules. The commission determined that the duration of HSBC's infringement was 1 month and fined HSBC 33,606,000 euros. HSBC appealed the decision to the general court of the european union, which in 2019 annulled the fine for failure to provide reasons, but upheld HSBC's liability. In 2021 the european commission imposed a revised fine of 31,700,000 euros (usd $37,802,250 which utilizes the closing FX rate as of the date of issuance for the amended fine and as reflected in section 12.a ). HSBC appealed to the liability findings to the court of justice of the european union, which upheld HSBC's liability in January 2023. HSBC continues to maintain an appeal before the general court against the 2021 commission decision imposing a revised fine.
HSBC continental europe in accordance with the 2021 decision paid a fine in the amount of 31,700,000 euros. See information with respect to the appeal above. The fine is converted to usd $37,802,250 (closing FX rate as of the date of issuance for the amended fine) as reported above in section 12.a.
HSBC paid the revised fine of 31,700,000 euros (usd $37,802,250 which utilizes the closing FX rate as of the date of issuance for the amended fine and as reflected in section 12.a ) in 2021. In November 2024, the general court dismissed HSBC's appeal against the fine
Form ADV Item 11 and its Disclosure Reporting Pages, via the SEC record. All adviser disciplinary records.
The brochure
No brochure text was read for this firm.
Other brochures on file
- HSBC Ameu Form ADV Part 2A 2025 31 March 2026, Mar 31, 2026
Form ADV Part 2A, via the SEC Investment Adviser Public Disclosure site.