HSBC Global Asset Management has appointed Guy Morrell as head of its multi-manager business for the UK and Middle East North Africa.
James Hughes, who previously held the post, is to be relocated to Hong Kong to become head of multimanager Asia Pacific.
Having joined HSBC in 2004, Morrell already runs the global real estate investment team and heads up the Open Global Property fund. According to the firm, he will continue to report to chief executive of HSBC MultiManager Joanna Munro. He will also continue to head the seven-member global real estate team.
According to the firm, HSBC Global Asset Management’s multi-manager team had $32.8 billion (£16.4 billion) assets under management as of June 2008.