HSBC prime brokerage targets China hedge funds

HSBC’s prime brokerage platform will target China’s burgeoning hedge fund market as part of its growth plan in Asia, where it aims to leverage its leading position in the custody and administration arenas. China is “a massive target and it’s one [market] where we’ve been very successful in the early stages of our business”, says Matt Kiraly, HSBC’s head of prime services sales for Asia-Pacific. “If you look at the prime brokerages [in Asia], you have US prime brokers, European p…