US/ASIA - HSBC Global Asset Management has named Deborah Hazell regional head of North America and Bill Maldonado Asia-Pacific chief investment officer in a move to bolster its emerging markets business.
Hazell will be based in New York and report locally to Kevin Martin, head of retail banking and wealth management and marketing for North America. She will oversee operations in the US, Canada and Bermuda, and will particularly focus on promoting the firm's emerging market expertise to retail and institutional investors throughout these countries.
The firm has $443.5bn in assets under management, with $145bn invested in emerging markets.
Her appointment is part of a restructuring of the CEO of HSBC Global Asset Management, Americas role that was previously held by Sylvia Coutinho. The role has been split in two with Hazell taking on oversight for North America, and Coutinho taking on the expanded role of HSBC head of retail banking and wealth management for Latin America.
Hazell joins from Fischer Francis Trees & Watts where she was president and chief executive.
The firm also announced Maldonado has been appointed CIO of Asia-Pacific. He will retain his current role of strategy CIO for equities. HSBC Asset Management runs$72bn in its Asian strategies.
He will move from London to Hong Kong in August and will continue to report to global CIO Chris Cheetham.
Locally he will report to Joanna Munro, CEO of Asia Pacific.
Munro said: "With our strong investment team in Asia, which forms a core part of our emerging market expertise, we are well-positioned to capture the growing wealth in the region. The importance of Asia within our emerging markets and overall business strategy is underlined by this decision to bring one of our global investment heads to take on an expanded role as Regional CIO."
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