Michael Cross, who joined HSBC Asset Management in 2015, is to be the firm’s global fixed income CIO from September 1.
Based in London, he succeeds and will report to Xavier Baraton, global CIO.
When Cross joined HSBC AM he was global head of official sector institutions and was most recently vice-chair of institutional business.
Prior to that he was at the International Monetary Fund and at the Bank of England.
Baraton said: “With strong credentials in managing fixed income teams, Michael’s high calibre profile, fundamental focus and particular specialisation on FX and rates will further support our growing recognition as a leading global fixed income asset manager, complementing our well recognised expertise in credit, Asia and emerging markets debt.”
HSBC AM’s global fixed income team manages $171 billion in assets.
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