HSBC explores M&A options for asset management business

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HSBC chief executive John Flint has said he is exploring many options to expand its asset management unit, including a potential merger.

In an industry that is seeing high levels of consolidation, Flint said it was too soon to signal which route the group might take but said it was perusing how to create a larger player in the asset management industry. "We continue to do a lot of work around asset management, to explore all the options, but it's too early to give any indications as to what we might do with it," Flint said on Tuesday when asked if the bank has had, or would consider, merger discussions with a rival, according to Bloomberg. Consolidation in the asset management industry: How will it shape the future lan...