HSBC Asset Management has hired Mark Holden, fund manager at Morgan Grenfell Asset Management, to jo...
HSBC Asset Management has hired Mark Holden, fund manager at Morgan Grenfell Asset Management, to join its UK desk in early November.
For the past four years he was a director at Morgan Grenfell, responsible for managing £1bn in UK equities mainly for institutional clients and was also in charge of the Japanese equity division. Holden's role at HSBC will be managing some of the Midland-branded retail UK equity funds and an exempt portfolio
Dean Buckley, chief investment officer at HSBC Asset Management, said: "His style and process is very much aligned with our beliefs in the team approach and investment philosophy. He has similar performance credentials, strong investment skills and perhaps more importantly is a clear articulator of those investment skills
In Asia, HSBC fund manager Man Wing Chung has been promoted to chief investment officer for all Asian equity markets except Japan and Australia. He replaces Ian Burden, who left HSBC Asset Management to join Gartmore in Japan. Meanwhile, David Stuart, who joined HSBC at the beginning of the year from Prudential, is responsible for the entire Asia-Pacific area based in Australia
Due to leave 31 May
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