ASIA - HSBC Global Asset Management has appointed Joanna Munro as chief executive officer of its Asia-Pacific business.
Munro will take up her new role in the second quarter of 2011 and replaces Rudolf Apenbrink, who was appointed as CEO of HSBC Global Asset Management in Europe, earlier this month. Asia-Pacific chief operating officer Edmund Stokes will act as CEO until Munro's arrival.
She will be based in Hong Kong and reports to global chief executive officer John Flint in London
Munro joined the firm in 2005 as global chief investment officer and became CEO of Multimanager in 2007. She was promoted to her present role as global head of product in July this year.
Prior to joining HSBC, Munro managed institutional business and the global consultant relations team at AXA Investment Managers in the UK. She also held senior roles at Salomon Brothers Asset Management and ABN Amro Asset Management.
Flint said: "Over the years, we have successfully built a strong franchise in Asia with a clear proposition focusing on emerging markets. The region is rich with opportunities arising from within and outside of the group.
"With Joanna's extensive investment and management experience, I believe our business in Asia will continue to enjoy strong growth under her leadership."
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