HSBC Asset Management has appointed Michael Cross as global fixed income chief investment officer, effective September. Based in London, Cross will succeed and report to Xavier Baraton, global CIO.
In his new role, Cross will be responsible for leading the firm's fixed income investment platform including chairing the fixed income strategic forum and coordinating its investment outlook, scenarios, risks and themes.
Cross has more than 30 years of industry experience. He joined HSBC Asset Management as global head of official sector institutions in 2015, and was most recently vice chair of institutional business.
Prior to joining HSBC, he spent over three years at the International Monetary Fund and 20 years at the Bank of England – in the last 12 of which he was leading a large investment team comprising portfolio managers, FX dealers, and policy, research and market intelligence managers and analysts.
HSBC Asset Management's global fixed income team manages US$171 billion in assets as of June 30 2021, with over 160 investment professionals worldwide.
