DFX Intelligence
RIA Intelligence
Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.
SEC-registered adviser
Hsbc Global Asset Management (USA) Inc.
Latest filing Jun 11, 2026
First filing on the tape Nov 15, 2011 · 65 filings
SEC status approved since Dec 20, 1985
RAUM
$157B
reported, Item 5.F
Discretionary
4.7%
of RAUM
Private clients
0.0%
$0 individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
100
65 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
0
reported on Schedule D
History
65 filings and snapshots on the tape
RAUM$157B as of Jun 11, 2026
Mar 30, 2012$51B then
HNW client RAUM$0 as of Jun 11, 2026
Mar 29, 2018$0 then
State-registered IARs (5.B.3)0 as of Jun 11, 2026
Apr 1, 20130 then
Employees (5.A)100 as of Jun 11, 2026
Apr 1, 2013112 then
Private funds2 as of Mar 27, 2015
Apr 1, 20138 then
RAUM +20% over the last fiscal year+4.8% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Jun 11, 2026; every figure names its basis
- RAUM per advisor
- unknownderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- unknownderivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- unknownderivedHNW RAUM over HNW clients
- Average account
- $1.6BderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 4.7%derivedof RAUM
- Institutional
- 8.2%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- unknownderivedItem 5.A over advisors
- Advisors per office
- unknownderived2 offices incl. principal (1.F.5)
- RAUM growth, one year
- +20%derivedbetween the last two annual amendments
- Advisor growth, one year
- unknownderivedItem 5.B.3 between annual amendments
- Client growth, one year
- unknownderived
- Compensation
- percentage of assets, performance-basedreportedItem 5.E
- Advisory activities
- portfolio management for businesses and institutions, portfolio management for pooled vehicles, portfolio management for investment companies, selection of other advisersreportedItem 5.G
- Ownership
- no PE, bank or public-company owner found on Schedule Aderived
- Advisor book size
- not public; not estimatedreported
Also answered yes on Form ADV
- has discretionary authority over which securities are bought or sold (8.C.1)
- a related person has custody of client cash (9.B.1.a)
- a related person has custody of client securities (9.B.1.b)
- an independent public accountant performs a surprise examination (9.C.1)
- a related person acts as qualified custodian (9.D.2)
- marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Pooled investment vehicles$77B49%
- Investment companies$54B34%
- Corporations and businesses$13B8.4%
- Insurance companies$9.2B5.9%
- Sovereign wealth funds$2.2B1.4%
- Pension and profit-sharing plans$1.3B0.8%
- Individual clients
- 0reported
- HNW clients
- 0reported
- Pension plan clients
- 2reported
- Charitable clients
- 0reported
- Accounts
- 95reported
- Financial planning clients
- 0reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- Compensation
- % of AUM, performancereported
- Class basis
- private_client_share=0.0 fund_share=0.83 institutional_share=0.08 related_bd=true related_bank=false bd_reps=32.0derived
Advisors registered through the firm
0 on IAPD today, longest tenure first
No representative is registered through this CRD on IAPD.
Advisor movement
Left, latest
none on the tape
Joined, latest
none on the tape
Private funds
8 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| Hsbc US Dollar Liquidity Fundno longer reported | Liquidity Fund | $23B | 308 | Jun 29, 2012 |
| Hsbc Global Investment Funds - Global Emerging Markets Bondno longer reported | Hedge Fund | $2.3B | 100 | Jun 29, 2012 |
| Hsbc Global Investment Funds - Global Emerging Markets Debt Total Returnno longer reported | Hedge Fund | $1.3B | 100 | Jun 29, 2012 |
| Hsbc Global Investment Funds - Global Emerging Markets Local Debtno longer reported | Hedge Fund | $918M | 100 | Jun 29, 2012 |
| Hsbc Global Investment Funds - Global High Income Bondno longer reported | Other Private Fund | $336M | 100 | Jun 29, 2012 |
| Hsbc Canadian Dollar Liquidity Fundno longer reported | Liquidity Fund | $210M | 23 | Jun 29, 2012 |
| Hsbc Global Investment Funds - Global Emerging Markets Investment Grade Bondno longer reported | Other Private Fund | $124M | 100 | Jun 29, 2012 |
| Hsbc Global Investment Funds - Global Emerging Markets Corporate Debtno longer reported | Other Private Fund | $11.0M | 100 | Jun 29, 2012 |
Owners and control persons
Schedule A and B, latest filing
- S Randeep Brar · Chief Risk Officer, Directorcontrolsince 01/2015 · owns less than 5%
- R Jaron Campbell · Directorcontrolsince 09/2020 · owns less than 5%
- M James Curtis · Legal Counselcontrolsince 12/2005 · owns less than 5%
- Paul David Dawe · Chief Executive Officer And Chief Operating Officer, Directorcontrolsince 06/2020 · owns less than 5%
- P Erin Leonard · Directorcontrolsince 09/2020 · owns less than 5%
- N Racquel Oden · Chairman, Directorcontrolsince 04/2024 · owns less than 5%
- G Ian Shaw · Chief Compliance Officercontrolsince 11/2025 · owns less than 5%
- Daniel Erick Vega · Chief Investment Officercontrolsince 09/2022 · owns less than 5%
Entity owners
- Hsbc USA, Inc. · Shareholderdirect · owns 75% or more · public reporting company
- Hsbc Holdings Plc · Shareholderindirect · owns 75% or more of Hsbc Overseas Holdings (Uk) Ltd · public reporting company
- Hsbc North America Holdings Inc. · Shareholderindirect · owns 75% or more of Hsbc USA, Inc.
- Hsbc Overseas Holdings (Uk) Ltd · Shareholderindirect · owns 75% or more of Hsbc North America Holdings Inc.
Related persons
Schedule D 7.A
- Hsbc Alternative Investments Limitedinvestment advisern
- Hsbc Asset Management (Japan) Limitedinvestment advisern
- Hsbc Bank PlcCPO or CTAcustodiann
- Hsbc Bank USA, National AssociationCPO or CTAn
- Hsbc Continental Europe Ireland Branchcustodiann
- Hsbc Continental Europe Luxembourgcustodiann
- Hsbc Continental Europe S.A. Germanycustodiann
- Hsbc Global Asset Management (Bermuda) Limitedinvestment advisern
- Hsbc Global Asset Management (France)investment advisern
- Hsbc Global Asset Management (Hong Kong) Limitedinvestment advisernRAUM $149B
- Hsbc Global Asset Management (Singapore) Limitedinvestment advisern
- Hsbc Global Asset Management (Uk) Limitedinvestment advisernRAUM $260B
- Hsbc Global Asset Management Argentina S.A. Sociedad Gerente De Fondos Comunes De Inversioninvestment advisern
- Hsbc Global Asset Management Deutschland Gmbhinvestment advisern
- Hsbc Global Asset Management Limitedinvestment advisern
- Hsbc Investment Funds (Hong Kong) Limitedinvestment advisern
- Hsbc Investment Funds (Luxembourg) Sapooled vehicle sponsorn
- Hsbc Securities (USA) Inc.broker-dealerinvestment advisertrust companypooled vehicle sponsorCPO or CTAreal estatenRAUM $3.8B
- The Hong Kong And Shanghai Banking Corporation Limitedcustodiann
Advisers that list Hsbc Global Asset Management (USA) Inc. as a related person
Offices
Schedule D 1.F, the 25 largest
- San Francisco, CA1 employees
ADV anomalies
2 against comparable advisers; where to look, not conclusions
- low discretionary shareStatic outlier · filing Jun 11, 2026discretionary share of RAUM of 5% against a peer median of 100% (512 comparable advisers, 2.0th percentile, 32.1 robust deviations)peers: asset managers, $20B and over (512) · 1.6% percentile
- discretionary share shiftChange between filings · filing Mar 30, 2026discretionary share of RAUM moved from 94.0% to 5.0% between the annual amendments of 2025-03-28 and 2026-03-30peers: asset managers, $20B and over (512)
What changed
consecutive filings, newest first
- Accounts · 119 to 95Feb 18, 2026 to Mar 30, 2026
- Advisory employees · 56 to 65Feb 18, 2026 to Mar 30, 2026
- BD registered reps · 36 to 32Feb 18, 2026 to Mar 30, 2026
- Corporate clients · 29 to 30Feb 18, 2026 to Mar 30, 2026
- Pension plan clients · 6 to 2Feb 18, 2026 to Mar 30, 2026
- Pooled vehicle clients · 67 to 49Feb 18, 2026 to Mar 30, 2026
- Employees · 101 to 100Feb 18, 2026 to Mar 30, 2026
- Insurance-licensed employees · 8 to 9Feb 18, 2026 to Mar 30, 2026
- Discretionary RAUM · $123B to $7.4BFeb 18, 2026 to Mar 30, 2026
- Non-discretionary RAUM · $7.3B to $149BFeb 18, 2026 to Mar 30, 2026
- Pension RAUM · $911M to $1.3BFeb 18, 2026 to Mar 30, 2026
- Pooled vehicle RAUM · $68B to $77BFeb 18, 2026 to Mar 30, 2026
- RAUM · $130B to $157BFeb 18, 2026 to Mar 30, 2026
- Accounts · 92 to 119Nov 27, 2024 to Mar 28, 2025
- Advisory employees · 60 to 56Nov 27, 2024 to Mar 28, 2025
- BD registered reps · 35 to 36Nov 27, 2024 to Mar 28, 2025
- Pension plan clients · 5 to 6Nov 27, 2024 to Mar 28, 2025
- Pooled vehicle clients · 45 to 67Nov 27, 2024 to Mar 28, 2025
- Employees · 105 to 101Nov 27, 2024 to Mar 28, 2025
- Insurance-licensed employees · 10 to 8Nov 27, 2024 to Mar 28, 2025
- Financial planning clients · unset to 0Nov 27, 2024 to Mar 28, 2025
- Discretionary RAUM · $142B to $123BNov 27, 2024 to Mar 28, 2025
- Non-discretionary RAUM · $8.2B to $7.3BNov 27, 2024 to Mar 28, 2025
- Pension RAUM · $209M to $911MNov 27, 2024 to Mar 28, 2025
- Pooled vehicle RAUM · $63B to $68BNov 27, 2024 to Mar 28, 2025
- RAUM · $150B to $130BNov 27, 2024 to Mar 28, 2025
- Accounts · 90 to 92Dec 22, 2023 to Mar 29, 2024
- Advisory employees · 57 to 60Dec 22, 2023 to Mar 29, 2024
- BD registered reps · 34 to 35Dec 22, 2023 to Mar 29, 2024
- Corporate clients · 26 to 29Dec 22, 2023 to Mar 29, 2024
- Pooled vehicle clients · 46 to 45Dec 22, 2023 to Mar 29, 2024
- Employees · 101 to 105Dec 22, 2023 to Mar 29, 2024
- Insurance-licensed employees · 6 to 10Dec 22, 2023 to Mar 29, 2024
- Discretionary RAUM · $128B to $142BDec 22, 2023 to Mar 29, 2024
- Non-discretionary RAUM · $8.0B to $8.2BDec 22, 2023 to Mar 29, 2024
- Pension RAUM · $163M to $209MDec 22, 2023 to Mar 29, 2024
- Pooled vehicle RAUM · $56B to $63BDec 22, 2023 to Mar 29, 2024
- RAUM · $136B to $150BDec 22, 2023 to Mar 29, 2024
- Accounts · 85 to 90Mar 17, 2023 to Mar 31, 2023
- Advisory employees · 61 to 57Mar 17, 2023 to Mar 31, 2023
Signals
34 dated events
- G Ian Shaw (Chief Compliance Officer) appeared on Schedule A of Hsbc Global Asset Management (Usa) Inc.Nov 27, 2024 · Control person joined · fact
- Sarah Von Maltzahn (Chairman, Director) no longer on Schedule A of Hsbc Global Asset Management (Usa) Inc. (listed 2024-09-03, absent 2024-11-27)Nov 27, 2024 · Control person left · inference
- Edward Brian Delman (Chief Compliance Officer) no longer on Schedule A of Hsbc Global Asset Management (Usa) Inc. (listed 2024-09-03, absent 2024-11-27)Nov 27, 2024 · Control person left · inference
- Racquel Oden (Director) appeared on Schedule A of Hsbc Global Asset Management (Usa) Inc.May 21, 2024 · Control person joined · fact
- S Jeffrey Barden (Chairman, Director) no longer on Schedule A of Hsbc Global Asset Management (Usa) Inc. (listed 2023-03-31, absent 2023-08-01)Aug 1, 2023 · Control person left · inference
- Hsbc Global Asset Management (Usa) Inc. reported 0 state-registered advisory representatives, down from 11 (2023-03-17 to 2023-03-31)Mar 31, 2023 · Advisor headcount change · derived
- Tara Latini (Director) no longer on Schedule A of Hsbc Global Asset Management (Usa) Inc. (listed 2022-10-26, absent 2023-02-24)Feb 24, 2023 · Control person left · inference
- Thomas Paul Griffiths (Director) no longer on Schedule A of Hsbc Global Asset Management (Usa) Inc. (listed 2022-10-26, absent 2023-02-24)Feb 24, 2023 · Control person left · inference
- Francis John Chiodi (Interim Chief Investment Officer) no longer on Schedule A of Hsbc Global Asset Management (Usa) Inc. (listed 2022-10-26, absent 2023-02-24)Feb 24, 2023 · Control person left · inference
- Daniel Erick Vega (Chief Investment Officer) appeared on Schedule A of Hsbc Global Asset Management (Usa) Inc.Feb 24, 2023 · Control person joined · fact
- Henry John Ruggiero (Chief Compliance Officer) no longer on Schedule A of Hsbc Global Asset Management (Usa) Inc. (listed 2022-03-18, absent 2022-10-26)Oct 26, 2022 · Control person left · inference
- Edward Brian Delman (Chief Compliance Officer) appeared on Schedule A of Hsbc Global Asset Management (Usa) Inc.Oct 26, 2022 · Control person joined · fact
- Iain Jonathan Curry (Chief Investment Officer) no longer on Schedule A of Hsbc Global Asset Management (Usa) Inc. (listed 2021-12-14, absent 2022-03-18)Mar 18, 2022 · Control person left · inference
- Francis John Chiodi (Interim Chief Investment Officer) appeared on Schedule A of Hsbc Global Asset Management (Usa) Inc.Mar 18, 2022 · Control person joined · fact
- Thomas Paul Griffiths (Director) appeared on Schedule A of Hsbc Global Asset Management (Usa) Inc.Jul 20, 2021 · Control person joined · fact
- Tara Latini (Director) appeared on Schedule A of Hsbc Global Asset Management (Usa) Inc.May 20, 2021 · Control person joined · fact
- Pablo Sanchez (Director) no longer on Schedule A of Hsbc Global Asset Management (Usa) Inc. (listed 2021-03-23, absent 2021-04-02)Apr 2, 2021 · Control person left · inference
- Hsbc Global Asset Management (Usa) Inc. reported RAUM $130.4B, up 27% from $102.8B (2020-10-01 to 2021-03-23)Mar 23, 2021 · RAUM change · derived
- Henry John Ruggiero (Chief Compliance Officer) appeared on Schedule A of Hsbc Global Asset Management (Usa) Inc.Oct 1, 2020 · Control person joined · fact
- R Jaron Campbell (Director) appeared on Schedule A of Hsbc Global Asset Management (Usa) Inc.Oct 1, 2020 · Control person joined · fact
- Erin Leonard (Director) appeared on Schedule A of Hsbc Global Asset Management (Usa) Inc.Oct 1, 2020 · Control person joined · fact
- Sarah Von Maltzahn (Director) appeared on Schedule A of Hsbc Global Asset Management (Usa) Inc.Oct 1, 2020 · Control person joined · fact
- R Stefano Michelagnoli (Head Of Product Management) no longer on Schedule A of Hsbc Global Asset Management (Usa) Inc. (listed 2020-04-16, absent 2020-10-01)Oct 1, 2020 · Control person left · inference
- Patrick James Kelly (Director) no longer on Schedule A of Hsbc Global Asset Management (Usa) Inc. (listed 2020-04-16, absent 2020-10-01)Oct 1, 2020 · Control person left · inference
- I Mary Reinhold Brown (Chief Compliance Officer) no longer on Schedule A of Hsbc Global Asset Management (Usa) Inc. (listed 2020-04-16, absent 2020-10-01)Oct 1, 2020 · Control person left · inference
- Deborah Hazell (Chief Executive Officer) no longer on Schedule A of Hsbc Global Asset Management (Usa) Inc. (listed 2020-03-26, absent 2020-04-16)Apr 16, 2020 · Control person left · inference
- Hsbc Global Asset Management (Usa) Inc. reported RAUM $102.8B, up 37% from $75.2B (2019-03-28 to 2020-03-26)Mar 26, 2020 · RAUM change · derived
- S Jeffrey Barden (Director) appeared on Schedule A of Hsbc Global Asset Management (Usa) Inc.Mar 26, 2020 · Control person joined · fact
- Marie Lynn Gargano (Chief Financial Officer) no longer on Schedule A of Hsbc Global Asset Management (Usa) Inc. (listed 2019-03-28, absent 2020-03-26)Mar 26, 2020 · Control person left · inference
- J Patrick Burke (Director And Chairman) no longer on Schedule A of Hsbc Global Asset Management (Usa) Inc. (listed 2019-03-28, absent 2020-03-26)Mar 26, 2020 · Control person left · inference
Across DFX
shared identifiers only, never a name match
No identifier-backed link to the venture, private equity, family office or sponsor graphs.
How to reach
public business contact points only, each with its source
- Website
- ASSETMANAGEMENT.US.HSBC.COMreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- 212-525-4107reportedpublic record, Form ADV, Jun 11, 2026
Provenance
- Form ADV
- SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
- Advisors
- IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
- Class
- Asset manager (funds and pooled vehicles)deriveda rule over Items 5.D and 7.A
- RAUM per advisor
- n/aderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026