GLOBAL - HSBC has established a global multi-manager business for the institutional and retail markets by combining its worldwide capabilities.
Joanna Munro, currently global chief investment officer of HSBC Investments, has been appointed chief executive officer of the HSBC multi-manager business.
The establishment of the business follows a two-year programme of reviewing and upgrading the investment process and the multi-manager investment teams around the world.
HSBC’s multi-manager business will broadly focus on two propositions: multialpha and multisolutions.
HSBC said multialpha stands for highly competitive performance within an asset class.
Meanwhile, the firm explained that multisolutions stands for a diversified and well-engineered portfolio of assets with the potential to include alternatives.
The Pensions Regulator (TPR) and Labour MP Stephen Kinnock and will listen to the experiences of steelworkers when transferring their pensions away from the British Steel Pension Scheme (BSPS) next week in Port Talbot.
Just Group has acquired a 75% stake in the holding company of Corinthian Pension Consulting in a bid to strengthen its professional defined benefit (DB) advisory services.
The Pensions Regulator (TPR) has exercised its production order power under the Proceeds of Crime Act 2002 for the very first time as part of a fraud investigation.
The ITN Limited Pension Scheme has named Trafalgar House as its administrator for an initial term of five years.