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.
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