HSBC Investments (Canada) Ltd. has appointed Pictet International Management Ltd. as investment advisor of HSBC MM International Growth Equity Pooled Fund replacing Marvin & Palmer Associates Inc. effective immediately.


“The appointment of Pictet follows a thorough review as part of the continuous analytical process conducted by the Multimanager team at HSBC Investments Canada. Pictet’s rigorous risk approach, in-depth international expertise and consistent historical performance makes them a welcome addition to our strong roster of leading investment management firms,” Marc Cevey, CEO of HSBC Investments Canada, said in a release.

Pictet is a Europe-based asset management firm, which is affiliated with Pictet & Cie, one of the largest Swiss private banks. Pictet & Cie and its affiliates had assets under management of US$114 billion at June 30, 2005. Pictet has offices in London, Zurich, Geneva, Singapore, Tokyo and Montreal.

HSBC MM International Growth Equity Pooled Fund is available to Canadian investors in the Portfolio Advantage and Private Investment Management services offered by HSBC Investments Canada. The fund is also available to Canadian investors in The Ruby Portfolio offered by HSBC Securities (Canada) Inc.

Marvin & Palmer Associates Inc. continues to be the investment advisor of the HSBC MM U.S. Growth Equity Pooled Fund.