HSBC’s Global Asset Management has made a number of changes to its global investments team after the departure of its UK chief executive was revealed earlier this week.
Under the helm of HSBC vet Joanna Munro (pictured), who was just appointed global CIO last September, the fund group said it had made a number of changes to the structure of its investment arm, including creating several department head roles.
This follows a reshuffle of its senior management team earlier this week which saw UK boss Andy Clark leave to pursue other opportunities.
New department heads created
Among the changes HSBC Gam has decided to reorganise the global team around several new department heads, including European and UK CIO. This will be taken up by Vis Nayar, who is currently deputy equity CIO and head of systematic equities.
Nayar will be replaced by current CIO for France Guillaume Rabault who will become quant equity CIO.
Ian Barnett will also segue into the newly-created role of head of office CIO where he will oversee the investment process across HSBC Gam’s regions. He was previously head of global portfolio analytics and design.
Munro said: “As we look to grow, this evolution in our global investments team’s structure is critical for us to continue supporting our global client base and deliver on our investment objectives.”
HSBC Gam scraps dual multi-asset CIOs
As part of the overhaul HSBC Gam has also redefined a handful of senior roles in the team.
It will no longer have a pair of multi-asset CIOs. Instead Jean-Charles Bertrand will remain as the sole multi-asset CIO, while Joseph Little takes the lead on the team’s macro strategy as global chief strategist.
Elsewhere US and liquidity CIO Jonathan Curry will broaden his scope and assume responsibility for HSBC Gam’s investments in the Americas.
Munro said the team would also be focusing more on integrating responsible investing into its process by making global head of product equities and responsible investment Melissa McDonald sit within the global team. McDonald’s role will also be rebranded to head of responsible investment.
“Responsible investment underpins all of our investment decisions and is a part of our investment process. Melissa’s role will ensure we continue to support our clients in this important area,” Munro added.
