A former HSBC executive who joined Gottex a little over a year ago to help spearhead the Swiss hedge fund manager's growth in active multi-asset solutions and its expansion into Asia, has become the latest in a string of senior-level departures from the firm.

James Hughes, a former group chief investment officer of HSBC Insurance who started at the $8.25 billion fund-of-hedge-funds manager in October 2014, has resigned, a person familiar with the situation confirmed. According to a Companies House filing, he ceased to be a director of Gottex Asset Management (UK) in November 2015.