HSBC Global Asset Management Announces New CEO
London, UK - HSBC Global Asset Management today announces the appointment of Nicolas Moreau as CEO.
Nicolas was most recently CEO of DWS, a leading European Asset Management company, and a Member of the Management Board of Deutsche Bank. Nicolas will join HSBC in September and be based in London.
After seven years as CEO, Sri Chandrasekharan will be moving into another senior role within the HSBC Group, which will be announced in due course.
Charlie Nunn, CEO of Retail Banking and Wealth Management, HSBC, said: “We’re delighted to welcome Nicolas to HSBC. Asset management is a key area of focus for us and one we are committed to growing in line with increased client demand for products and solutions that help meet their long-term financial ambitions. HSBC Global Asset Management passed the $500bn threshold for its assets under management this year, and Nicolas is the ideal candidate to lead the business going forward.”
“I’d like to thank Sri for his dedication over the last seven years. He has built a strong foundation for the Asset Management business which will allow us to focus on a new and ambitious phase of growth.”
Prior to DWS, Nicolas was Chairman and Chief Executive of AXA France and a member of the AXA Group Management Committee since 2009. From 2006 to 2010, Nicolas was Group Chief Executive of AXA UK and Ireland. During this time, he was also a member of the Board of the Association of British Insurers (ABI) and Chairman of the ABI Health committee.