The lender banks on Maldonado to lead the lender’s investment team in Asia, which aim to capture the growing wealth in the region.
HSBC Global Asset Management on Wednesday announced the appointment of Bill Maldonado as Chief Investment Officer, Asia-Pacific with immediate effect. He retains his current responsibility as Strategy CIO, Equities.
Dr Maldonado oversees the investment strategies in Asia where the firm has US$72 billion of assets under management as at the end of March 2011. He will relocate from London to Hong Kong in August 2011, and continue to report to Chris Cheetham, Global Chief Investment Officer, accoring to an HSBC report.
Joanna Munro, CEO of Asia-Pacific, HSBC Global Asset Management, to whom Dr Maldonado reports locally, said: “With our strong investment team in Asia, which forms a core part of our emerging market expertise, we are well-positioned to capture the growing wealth in the region. The importance of Asia within our emerging markets and overall business strategy is underlined by this decision to bring one of our global investment heads to take on an expanded role as Regional CIO.
Dr Maldonado has been working in the asset management industry since 1993, when he joined HSBC Global Asset Management as a European derivative-based portfolio manager. Over the past 18 years, he headed up a number of investment functions, such as non-Traditional Investments (including passive indexation mandates, fund-of-funds, structured products and hedge funds) and Alternative Investments teams, before becoming Strategy CIO for Equities globally and CIO for the UK in 2010. He was also involved in the management of some Asian portfolios in Hong Kong during 1993-1994. Dr Maldonado holds a D. Phil in Laser Physics from Oxford University and an MBA from the Cranfield School of Management.
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