HSBC Global Asset Management (Canada) Limited appoints new sub-advisor

    VANCOUVER, Feb. 17 /CNW/ - HSBC Global Asset Management (Canada) Limited
has appointed JPMorgan Asset Management (Canada) Inc. as sub-advisor to the
HSBC U.S. High Yield Bond Pooled Fund, effective 30 January 2009.
    J.P. Morgan Asset Management is one of the largest active asset managers
in the world and one of the largest mutual fund companies in the United
States, providing institutional, ultra high net worth and retail clients with
investment products across all asset classes globally, including fixed income,
equity, liquidity, real estate, private equity and hedge funds. The HSBC U.S.
High Yield Bond Pooled Fund is available to Canadian investors through the
Portfolio Advantage(R) and Private Investment Management services offered by
HSBC Global Asset Management (Canada) Limited.
    HSBC Global Asset Management (Canada) Limited is a wholly-owned
subsidiary of HSBC Bank Canada. Globally, HSBC Global Asset Management, the
core investment business of the HSBC Group, has approximately C$449 billion
under management at 30 November 2008.

    Notes to Editors:

    1. HSBC Global Asset Management (Canada) Limited is a subsidiary of HSBC
       Bank Canada and provides services in all provinces of Canada except
       Prince Edward Island.

    2. HSBC Bank Canada, a subsidiary of HSBC Holdings plc, has more than 180
       offices. With around 9,500 offices in 85 countries and territories and
       assets of US$2,547 billion at 30 June 2008, the HSBC Group is one of
       the world's largest banking and financial services organizations.

For further information:

For further information: Media enquiries: Ernest Yee, Vice President,
Corporate Affairs, HSBC Bank Canada, (604) 641-2973; Sharon Wilks, Senior
Manager, Public Affairs, HSBC Bank Canada, (416) 868-3878

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