Asset Management

HSBC hires ex-Deutsche investment boss to run $500bn fund management arm

Nicolas Moreau left DWS in October after failing to stem heavy outflows from the business

Tuesday 6 August 2019 at 21:21

The former boss of Deutsche Bank’s investing arm has been appointed chief executive of HSBC Global Asset Management.

Nicolas Moreau will join the business, which looks after around $500bn in assets, in September. He will replace Sri Chandrasekharan, who is moving to an as yet unannounced role elsewhere within HSBC.