HSBC Asset Management

HSBC Asset Management is a division of HSBC that provides global investment management services, including venture capital investments and a range of asset management solutions aimed at helping clients achieve long-term financial growth.

CCI Score

-27.62

0.02% April 18

Latest Event

HSBC Holdings Political Influence Profile

The article profiles HSBC Holdings' political contributions amounting to $270,236 and lobbying expenditures near $1,977,000 during the 2024 cycle, along with evidence of a revolving door with a significant proportion of lobbyists having previous government employment.

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ACCOMPLICE

HSBC Asset Management is currently rated as an Accomplice.

-20 to -29 CCI Score

These companies profit from authoritarian practices through their business dealings. Although they may not be directly enforcing oppressive policies, their actions contribute to the economic and operational sustenance of authoritarian regimes.

Latest Events

JAN

01

2024

HSBC Holdings Political Influence Profile
-40.40

The article profiles HSBC Holdings' political contributions amounting to $270,236 and lobbying expenditures near $1,977,000 during the 2024 cycle, along with evidence of a revolving door with a significant proportion of lobbyists having previous government employment.
-50

Political Contributions and Lobbying Efforts

March 29

HSBC Holdings provided notable financial contributions and engaged in substantial lobbying in the 2024 cycle. Such political financing and influence raise concerns about corporate attempts to shape policy in favor of their interests, undermining democratic accountability.

HSBC Holdings Profile: Summary • OpenSecrets
-40

Regulatory Capture

March 29

The revolving door data shows that a significant proportion of HSBC Holdings' lobbyists (16 out of 20 in 2023 and 12 out of 15 in 2024) previously held government positions, which is indicative of potential regulatory capture and undue influence over policymaking.

HSBC Holdings Profile: Summary • OpenSecrets
OCT

16

2023

HSBC-Associated Federal PAC Political Contributions
-17.20

Federal PAC data from the FEC indicates that the HSBC North America Federal Political Action Committee, associated with HSBC operations, reported contributions totaling $181,000 along with other political expenditure metrics during the reported period. Such political involvement by a corporate-related PAC underscores the firm's active engagement in the political arena.
-20

Political Contributions and Lobbying Efforts

March 29

The article details political contributions by the HSBC-associated Federal PAC amounting to $181,000. From an anti-fascist perspective, even moderate corporate political contributions can amplify corporate influence over political processes, posing risks of supporting policies that may undermine democratic accountability and marginalized communities.

Hsbc North America Federal Political Action Committee (Hsbc Federal Pac
FEB

08

2015

HSBC Sheltered Murky Cash Linked to Dictators and Arms Dealers
-29.09

An ICIJ investigation from February 2015 revealed that HSBC, including operations tied to its Swiss private banking division, facilitated murky cash flows that helped obscure tax evasion, money laundering, and dealings with authoritarian regimes, arms dealers, and entities linked to terrorism.
-80

Public and Political Behavior

March 29

The leaked files expose HSBC's involvement with politically exposed clients, including regimes and individuals with authoritarian tendencies. By enabling covert financial transactions, the bank compromised democratic accountability and contributed to politically corrupt dynamics.

Banking Giant HSBC Sheltered Murky Cash Linked to Dictators and Arms Dealers
-90

Business Practices and Ethical Responsibility

March 29

HSBC’s actions as uncovered by the investigation—such as enabling tax evasion, money laundering, and questionable banking practices—represent a significant breach of ethical business responsibilities and legal norms.

Banking Giant HSBC Sheltered Murky Cash Linked to Dictators and Arms Dealers
-70

Economic and Structural Influence

March 29

By providing infrastructure that enabled the concealment and movement of vast sums of illicit funds, HSBC undermined economic transparency and contributed to global financial inequality as well as weakened regulatory frameworks.

Banking Giant HSBC Sheltered Murky Cash Linked to Dictators and Arms Dealers
MAR

04

2013

HSBC Asset Management Alleged Involvement in Money Laundering and Human Rights Abuses
-23.78

Global Witness reported that HSBC Asset Management was implicated in money laundering activities by allegedly doing business with Mexican drug lords, terrorist financers, and pariah states. The report, dated March 4, 2013, raised concerns over the division's role in facilitating transactions linked to human rights abuses and inadequate anti‐money laundering compliance.
-80

Business Practices and Ethical Responsibility

March 29

The allegations indicate that HSBC Asset Management engaged in highly unethical business practices by associating with entities linked to drug trafficking and terrorism. Such behavior undermines corporate ethical responsibility and contributes to human rights abuses, warranting a strongly negative evaluation under the Business Practices and Ethical Responsibility category.

Global Witness reports HSBC involvement in money laundering and human rights abuses