HSBC Asset Management Appoints Thorsten Michalik as CEO for Alternatives
- Thorsten will succeed Joanna Munro who is retiring after more than 40 years in asset management
- Matteo Pardi, CEO AM Continental Europe, is appointed interim CEO Europe, UK and Americas
HSBC Asset Management (HSBC AM) has appointed Thorsten Michalik as CEO of its Alternatives business, effective 1 April. Thorsten will succeed Joanna Munro, who is retiring from the investment industry after more than 40 years in asset management - 20 of those with HSBC.
Joanna has been CEO for Alternatives since 2021. Under her leadership, the business has delivered strong growth – expanding its capabilities, growing assets under management and strengthening its presence with investors as an alternative solutions provider.
Thorsten has been at HSBC AM since 2020, most recently serving as CEO for Europe, UK, and Americas, with responsibility for both sales and entity management, and accountability for the country CEOs in those regions. He joined HSBC AM as Global Head of Wholesale & Partnerships and was later appointed Head of Sales Europe, Middle East, Americas, and Wholesale in 2022. He will continue to be based in London and report to Nicolas Moreau, CEO HSBC AM.
Matteo Pardi, currently CEO AM Continental Europe, will assume the role of CEO for Europe, UK, and Americas on an interim basis, effective 1 April. He will retain his existing responsibilities and report to Nicolas Moreau. Matteo joined HSBC in 2001 to establish HSBC AM’s presence in Italy and has since held a range of senior roles covering markets across Continental Europe and the Middle East.
Nicolas Moreau, CEO HSBC Asset Management, said: “Joanna has made an outstanding contribution to HSBC Asset Management, most recently leading our global Alternatives business and playing a pivotal role in shaping it into what it is today, as well as being an inspiring role model to many in the industry.
“With Thorsten’s strong track record and deep knowledge of the business, we’re confident he will build on this momentum and lead our Alternatives platform into its next phase of growth as we invest in our business. As client demand for alternative investments continues to grow, we remain focused on expanding our capabilities and delivering differentiated solutions for investors.”
Media enquiries
Monika Witkowska – monika.witkowska@hsbc.com
Notes to editors
For journalists only and should not be distributed to or relied upon by any other persons.
Notes to investors
The information contained in this press release does not constitute an offer or solicitation for, or advice that you should enter into, the purchase or sale of any security or fund. Any views expressed are subject to change at any time.
This document is not intended for distribution to or use by any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation. This document is not and should not be construed as an offer to sell or the solicitation of an offer to purchase or subscribe to any investment.
Any views expressed were held at the time of preparation and are subject to change without notice. While any forecast, projection or target where provided is indicative only and not guaranteed in any way. HSBC Global Asset Management (UK) Limited accepts no liability for any failure to meet such forecast, projection or target.
The value of investments and any income from them can go down as well as up and investors may not get back the amount originally invested. Where overseas investments are held the rate of currency exchange may also cause the value of such investments to fluctuate. Investments in emerging markets are by their nature higher risk and potentially more volatile than those inherent in some established markets.
HSBC Asset Management
HSBC Asset Management should be referred to either in full or as HSBC AM to avoid confusion with any other financial services firms.
HSBC Asset Management, the investment management business of the HSBC Group, invests on behalf of HSBC’s worldwide customer base of retail and private clients, intermediaries, corporates and institutions through both segregated accounts and pooled funds. HSBC Asset Management connects HSBC’s clients with investment opportunities around the world through an international network of offices in 20 countries and territories, delivering global capabilities with local market insight. As at 31 December 2025, HSBC Asset Management managed assets totalling USD 866bn (excluding HSBC Jintrust Fund Management Company Limited) on behalf of its clients.
For more information see http://www.global.assetmanagement.hsbc.com/
HSBC Asset Management is the brand name for the asset management businesses of HSBC Holdings plc.
HSBC Holdings plc
HSBC Holdings plc, the parent company of HSBC, is headquartered in London. HSBC serves customers worldwide from offices in 56 countries and territories. With assets of USD 3,233bn at 31 December 2025, HSBC is one of the world’s largest banking and financial services organisations.