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Senior management restructure at HSBC GAM

CIO role covering Europe and UK has been created


Kirsten Hastings

Following the appointment of Joanna Munro as global chief investment officer of HSBC Global Asset Management in September, the bank has further “reorganised” its senior team.

Subject to regulatory approval, Vis Nayar, who has been deputy equity chief investment officer and head of systematic equities for five-and-a-half years, has been promoted to the newly created, combined role of European and UK CIO.

Additionally, Guillaume Rabault, currently chief investment officer for France, will take on Nayar’s responsibility for systematic equities as quant equity CIO.

He will combine this with his current responsibility for investment process research.

That’s not all

In order to create a dedicated focus on two key areas, multi asset co-chief investment officers Joseph Little and Jean-Charles Bertrand will divide their responsibilities.

Little will focus on investment strategy, leading the macro and strategy team as the global chief strategist. Bertrand will become the sole multi-asset chief investment officer.

To strengthen the structure across geographies, Jonathan Curry will add responsibility for the Americas to his US and liquidity CIO roles.

Ian Barnett will move into the newly created role of head of CIO office and oversee the investment process across HSBC Gam’s geographies.

He was previously head of global portfolio analytics and design.

Not forgetting ESG

In addition, Melissa McDonald, global head of product equities and responsible investment, will take on the role of head of responsible investment.

She will sit with the global investments team and lead strategy for responsible investments with a focus on policy, partnerships, and product innovation.

All of the above will report to Munro.

Nayar will also report to Stuart White, the newly appointed global head of strategy and UK & International chief executive.

Revolving door

As reported by our sister publication Portfolio Adviser earlier this week, HSBC Gam UK boss Andy Clark has left the business “to pursue other opportunities”.

He had headed up the bank’s UK funds arm since November 2012.

Clark is succeeded by White, subject to regulatory approval, who will be responsible for HSBC Gam’s outposts in the UK, Bermuda, Malta and Turkey and asset management activities in Saudi Arabia and for Hang Seng Investment Management in Hong Kong.