Gregg Diliberto was named global head of fixed income at HSBC Asset Management. He will be based in New York. He replaces Peter Smith, who left to take a "career break," said Sabina Paton, HSBC spokeswoman. Mr. Diliberto was head of fixed income for Citigroup Asset Management. He left that firm a year ago and was not replaced, said Mary Athridge, Citigroup spokeswoman. Mr. Diliberto couldn't be reached for comment or details.