Ex-HSBC pensions exec markets life-policy ABS

David Humphreys, the man who spearheaded HSBC's successful Mandatory Provident Fund business in Hong Kong before retiring last year, has co-founded an investment management firm specializing in alternative investments in the form of asset-backed securities (ABS) and collateralised debt obligations (CDOs). The firm, NewHaven Capital, is now marketing its first asset-backed bond to Asian institutional investors based on senior life insurance settlements.