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HSBC's fund management arm reshuffles global CIO team

HSBC's fund management arm reshuffles global CIO team

HSBC Global Asset Management said it has reorganised its global investments team following the appointment of Joanna Munro as global CIO in September 2019.

Vis Nayar, who has been deputy equity CIO and head of systematic equities, will take on the role of European and UK CIO.

He will be responsible for investments in the UK, as well as oversee the European investment teams which include local country CIOs reporting to him.

Guillaume Rabault, currently CIO 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, HSBC said.

The $510bn money manager plans to divide the responsibilities of its multi-asset co-CIOs Joseph Little and Jean-Charles Bertrand.

Little, who is also HSBC’s global chief strategist, will focus solely on this role and lead the macro and strategy team, while Bertrand will become the sole CIO for multi-asset.

HSBC has also expanded Jonathan Curry’s coverage to include 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 the firm globally. He was previously head of global portfolio analytics and Design.

Meanwhile, Melissa McDonald has been appointed head of responsible investment. She was most recently global head of product equities and responsible investment.

HSBC said all the roles will report to Munro. However, as part of his UK CIO role, Nayar will also report to Stuart White, who was appointed global head of strategy and UK & international CEO earlier this month.

Based in the UK, White has been the head of strategy since September 2015. His role was expanded to lead the delivery of M&A, corporate management activities, and current and future strategies.