CHRIS Rodgers, HSBC's head of UK equities, is to leave the group to set up a boutique fund house with two former Schroder colleagues in the latest fallout following the bank's switch to multi-manager.
The announcement of Rodgers’ departure comes weeks after UK equity manager Bob Morris resigned, a decision that followed news his UK Growth & Income fund was to be handed to HSBC’s multi-manager team. Rodgers has been given the fund in the interim and will run it until he leaves come the New Year. The latest HSBC resignation comes as closely-guarded details of the group’s new multi-manager range come to light. Former AXA fund of funds heads James Hughes and Nicholas Pothier, who joined HSBC in January, will initially run global growth and global income portfolios under the soon to be unv...
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