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HSBC Asset Management appoints Global Fixed Income CIO

HSBC Asset Management has appointed Michael Cross as Global Fixed Income CIO
17 August 2021

    HSBC Asset Management has appointed Michael Cross as Global Fixed Income CIO, effective 1 September. Based in London, Michael succeeds and will report to Xavier Baraton, Global CIO.

    In his new role, Michael will be responsible for leading the firm’s fixed income investment platform including chairing the fixed income strategic forum and coordinating its investment outlook, scenarios, risks and themes.

    Michael moves into this role with over 30 years’ industry experience. He joined HSBC Asset Management as Global Head of Official Sector Institutions in 2015, and was most recently Vice-Chair of the Institutional Business.

    Prior to joining HSBC, Michael spent over three years at the International Monetary Fund and 20 years at the Bank of England – in the last 12 of which he was leading a large investment team comprising portfolio managers, FX dealers, and policy, research and market intelligence managers and analysts.

    Commenting on Michael’s appointment, Xavier Baraton said:

    “With strong credentials in managing fixed income teams, Michael’s high calibre profile, fundamental focus and particular specialisation on FX and rates will further support our growing recognition as a leading global fixed income asset manager, complementing our well recognised expertise in credit, Asia and Emerging Markets debt.

    “Michael brings a strong client experience which will be decisive in our ongoing efforts to develop innovative, sustainable solutions for our clients globally. His visibility across the industry and experience in engaging with public sector clients will contribute to further strengthening our relationships with senior decision makers across all client segments.”

    HSBC Asset Management’s global fixed income team manages USD171bn in assets as of 30 June 2021, with over 160 investments professional worldwide.

    In 2020, HSBC Asset Management set out its strategy to reposition the business as a core solutions and specialist emerging markets, Asia and alternatives focused asset manager, with client centricity, investment excellence and sustainable investing as key enablers.

    Media enquiries to:

    Monika Witkowska: +44 (0) 203 268 5479, monika.witkowska@hsbc.com

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    Note 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.
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    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, 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 25 countries and territories, delivering global capabilities with local market insight. As at 30 June 2021, HSBC Asset Management managed assets totaling USD625bn on behalf of its clients. For more information, see www.assetmanagement.hsbc.com/uk
    HSBC Asset Management is the brand name for the asset management business of HSBC Group, which includes the investment activities provided through our local regulated entity, HSBC Global Asset Management (UK) Limited.

    The HSBC Group
    HSBC Holdings plc
    HSBC Holdings plc, the parent company of HSBC, is headquartered in London. HSBC serves customers worldwide from offices in 64 countries and territories in its geographical regions: Europe, Asia, North America, Latin America, and Middle East and North Africa. With assets of USD2,976bn at 30 June 2021, HSBC is one of the world’s largest banking and financial services organisations.