HSBC Asset Management has merged its UK intermediary and institutional business development teams in a move which sees Jonathan Polin, managing director of the intermediary business, leave the group.
The decision comes following a strategic review of the business, which HSBC says found convergence in the skills required to service both markets. Geoff Cheetham, previously head of institutional business development, is assuming responsibility for the merged business with immediate effect.
Chief executive Dean Buckley says: “Co-ordination of our efforts has become crucial, as the intermediary market now demands that we use many of the tools that the institutional sales process uses.”
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