HSBC's Fund-Management Arm Appoints Global Investment Head -- Financial News
September 09 2019 - 9:14AM
Dow Jones News
By David Ricketts
Of Financial News
HSBC Global Asset Management has made its first high-profile
appointment under the leadership of new Chief Executive Nicolas
Moreau.
Joanna Munro has been named global chief investment officer,
according to a statement.
She has been promoted from her role as global head of
stewardship and fiduciary governance at the $500 billion asset
manager and replaces Chris Cheetham, who has decided to retire from
his full-time executive role.
Munro, who has worked at HSBC since 2005 and also chairs its
asset-management division in the U.K., will take on the role at the
end of September and report directly to Moreau.
Moreau was previously chief executive of DWS, the
asset-management arm of Deutsche Bank AB (DB). He left in October
2018 after failing to stem heavy outflows from the business that he
helped steer through a public listing. He took over at HSBC Global
Asset Management earlier this month.
Moreau said: "[Ms. Munro's] ability to encourage global
collaboration, track record in bringing people together and
attitude toward problem-solving makes her the ideal candidate for
this role. I am confident that with her extensive, global
experience we will be in an even stronger place to help clients
meet their investment objectives."
In addition to her work at HSBC, Munro is a nonexecutive
director of the Investment Association, the U.K. fund management
trade body, and a founding member of the Diversity Project.
Website: www.fnlondon.com
(END) Dow Jones Newswires
September 09, 2019 08:59 ET (12:59 GMT)
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