HSBC has announced the launch of Discretionary Wealth Management services in Middle East and North Africa (MENA), offering customers access to their own segregated investment portfolios.

A segregated investment portfolio is created through comprehensive dialogue with the customer, with a view to add value to the investor’s overall portfolio.

Customers are involved not only in what they invest, but also how they invest. Each portfolio is structured so that the asset, liabilities, liquidity and investment terms of each portfolio is segregated from those of other investors.

The service is provided through HSBC Global Asset Management, which has over US $400 billion funds under management worldwide, and is one of the largest and most trusted financial services organisations in the world, for both private customers and institutional investors.

Francesca McDonagh, Regional Head of Retail Banking and Wealth Management, MENA, HSBC, said, “With this new offering we bring an enhanced solution for one of our key customer segments. Successful individuals with heavy demands on their time can delegate the important responsibility of managing their investment assets to HSBC’s Discretionary Wealth Managers, confident that our investment specialists follow an extremely disciplined approach to investment management.”

A team of professionally qualified Discretionary Wealth Managers works closely with customers, and the customers’ regular Premier Wealth Relationship Manager, to determine their investment guidelines and performance objectives, both initially and on an ongoing basis.

The service is designed for customers who are looking for a portfolio solution tailored to their needs, and who have investable assets in excess of $1m.

Rather than buying units in a fund, customers’ assets will be invested in their own portfolio that will directly own the underlying investments, equities, fixed income or cash.

McDonagh added, “The Discretionary Wealth Management service is rooted in offering specialist expertise and personal focus to our customers. It aligns closely with our vision to bring world class wealth management solutions for the discerning customer.”