HSBC develops retirement assets strategy

First MPF, then the world. David Humphreys spent last year as CEO of HSBC Provident Fund Services in Hong Kong where he spearheaded the bank's launch into the Mandatory Provident Fund scheme. The experience required an integrated effort from HSBC's bank, insurance, trust and fund management arms, and convinced him that HSBC Group needed to develop a similarly integrated strategy for capturing retirement assets globally. So now he is responsible for thinking this through.