Vis Nayar was named European and U.K. CIO at HSBC Global Asset Management, effective immediately.
The position is new, but Mr. Nayar takes on the responsibilities of former U.K. CIO Philip Glaze. Mr. Glaze left earlier this year, a spokesman confirmed. Further details could not be learned.
Mr. Nayar oversees the U.K. and European investment teams and reports to Stuart White, global head of strategy and U.K. and international CEO.
Mr. Nayar was deputy CIO, equities and head of systematic equities. His responsibilities were taken on by Guillaume Rabault, CIO for France, who was additionally appointed quant equity CIO.
HSBC GAM announced a number of other appointments as part of a reorganization of its investment teams, all effective immediately:
- Joseph Little was named global chief strategist. He was co-CIO for multiasset. Jean-Charles Bertrand, Mr. Little's co-CIO, was named sole multiasset CIO.
- Melissa McDonald was named head of responsible investment within the global investments team. She focuses on policy, partnerships and product innovation. The role is new. She was global head of product equities and responsible investment. Alex Davey took on her responsibilities as global head of product equities in addition to his role as senior product specialist, Asian equities.
- Jonathan Curry was named CIO for the Americas and liquidity. The role is new and expands on Mr. Curry's previous role as U.S. and liquidity CIO.
- Ian Barnett was named head of CIO office, where he oversees the investment process across HSBC Global Asset Management's geographies. The role is new. Mr. Barnett also retains his responsibilities as head of global portfolio analytics and design.
"As we look to grow, this evolution in our global Investments team's structure is critical for us to continue supporting our global client base and deliver on our investment objectives," Joanna Munro, global CIO at the firm, said in a news release.
HSBC Global Asset Management managed $510 billion as of Dec. 31.