MFS Investment Management has hired Lior Jassur, the former head of high yield research at HSBC, to work in its new London-based team, following the recruitment of Madeline Forrester from Axa Investment Managers to run its UK institutional business.

Jassur is joining as a credit analyst from HSBC's sellside operation. He became Emea head of credit research in 2012 and led high yield research in Europe, Asia and the US, according to his LinkedIn profile.