HSBC Asset Management (HSBC AM) has appointed Michael Cross as chief investment officer for Asia, replacing Cecilia Chan, who is retiring.
Based in Hong Kong, he reports to Daisy Ho, chief executive officer for Asia Pacific and Hong Kong, while maintaining his current reporting line to Xavier Baraton, global chief investment officer.
He will remain in his current position as global chief investment officer of fixed income as well.
Cross (main picture) will oversee a team of over 180 professionals and assets in excess of $200bn in his new role.
He joined HSBC AM in 2015 as global head of official sector institutions and has also served as vice-chair of institutional business.
He previously worked at the Bank of England and the International Monetary Fund.
“Michael brings over 30 years of experience to the role, with a strong track record in working closely with the most sophisticated investors globally, particularly sovereign and public pension investors,” said Baraton.
“His experience, combined with his presence in Asia, will be valuable in strengthening our relationships with senior decision makers across all client segments in the region and driving new initiatives in the wake of a renewed investor appetite for fixed income solutions.”
“We thank Cecilia for her outstanding leadership and significant contributions and are thrilled to usher in a new chapter with Michael. His profound experience promises to invigorate our client relations and deliver continued investment excellence in Asia, bolstering our market presence and affirming our dedication to superior investment performance,” said Ho.
