He replaces James Hughes who is moving to Hong Kong to head HSBC’s Asia Pacific multi-manager arm while continuing to captain global business development.
Morrell joined in 2004 and has been in charge of HSBC’s global multi-manager real estate investment team. He will maintain this role and his position as lead manager on the HSBC open global prop- erty fund.
Head of multi-manager investments for Europe Raphael Sobotka will maintain responsibility for Europe, the Middle East and Africa for asset classes excluding real estate.
HSBC’s global multi-manager business has £17.6bn under management with a further £21.4bn under advice. The team comprises over 40 investment professionals worldwide and spans a range of asset classes including equity, fixed income and real estate.
Multi-manager chief executive Joanna Munro says: “Over the last year, multi-manager has been developed as a specialist business within HSBC Global Asset Management. These moves mean we now have a strong platform to build the business globally.”