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HSBC Asset Management chief resigns

HSBC Asset Management&#39s chief executive Paul Guidone has resigned and is to be replaced by Alain Dromer.

Dromer is head of asset management and insurance businesses of HSBC&#39s Credit Commercial de France.

Guidone is to return to the US where he will join J&W Seligman in New York. HSBC investment banking and markets executive director Stephen Green says: “Paul Guidone has been instrumental in the restructure and development of HSBC&#39s global asset management business and we wish him well.”

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