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Morrell heads UK and Mena at HSBC

HSBC Global Asset Management has picked Guy Morrell as the new head of its multi-manager business for the UK, Middle East and North Africa.

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.”


Income revival

At the time, I thought it was a great little news story. “IFA darling Invesco Perpetual sales slump” was the gist of it back in late 1999 as the technology boom embraced just about every investor alive.

Campaign to make the FOS accountable under the law

In my humble opinion, the point that your contributors on the Heather Moor & Edgecombe saga and our learned friends in the legal profession seem to miss is that the Financial Ombudsman Service is above the law.


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