HSBC Global Asset Management has appointed Guy Dunham as London head of fixed income.
Dunham will lead the London team managing over $7bn across fixed-income portfolios, including the £417m corporate bond, £98m gilt and fixed interest and £68m GIF global bond funds but will not manage any of the funds.
He was most recently head of portfolio management for the Bank of International Settlements in Basel, managing the team responsible for providing asset management services to central banks, monetary authorities and official institutions.
Dunham previously worked at JP Morgan Asset Management as head of UK and European rates strategy and at Lazard Asset Management as international portfolio manager.
UK chief investment officer Bill Maldonado says: “Our fixed-income team in London has been highly successful in attracting assets into several strategies. Guy’s appointment further strengthens this team and under his leadership we expect continued good performance for clients and robust asset growth.”
Concept Financial Planning managing director Paul Richardson says: “It is a tough market in fixed interest and will remain so with interest rates holding and rising inflation. HSBC understands that and wants to get the best people in.”