HSBC Global Asset Management has appointed Sebastien Faucher to the newly created role of Head of Passive Fixed Income in its Investment Team.
Backed by dedicated global dealing, research and risk management teams, HSBC Global Asset Management offers passive solutions across most major countries through a globally consistent investment philosophy and process. This is coupled with local solutions where needed, drawing on the local knowledge and enterprise of a team of more than 600 investment professionals and around 2,200 employees cross 26 locations.
As part of its ongoing commitment to meet client needs, HSBC Global Asset Management plans to unveil a number of passive fixed income products as part of a new UCITS fund range.
Based in London, Faucher will functionally report to Xavier Baraton Global Chief Investment Officer, Fixed Income, and locally to Philip Glaze, Chief Investment Officer UK. He joins from Legal & General Investment Management where he was Head of Index Fixed Income, responsible for ongoing fund management activities across all index fund strategies, including fund implementation, client on boarding, and portfolio transition. Previously, from 2006 to 2008, Sebastien was Investment Manager at SSgA Global Fixed Income. He has also held roles with the National Bank of Canada, both in Montreal and London.
Baraton says: “This significant hire forms part of a strategic initiative to further strengthen HSBC Global Asset Management’s proposition within passive investments. The initiative, in which Sebastien will play a key role, is in response to identified client demand. It reflects our commitment to satisfy it with the most relevant and effective range of products and solutions.
“HSBC Global Asset Management has successfully been investing into passive strategies on behalf of clients for nearly three decades, and we are as committed to passive now as we were back in 1988 when we launched our first index tracker fund in the UK. We believe that our long heritage in managing passive investments, coupled with our global reach and substantial fixed income resources, gives us the basis to provide our clients with competitive products and the highest level of service.”
Faucher adds: “HSBC Global Asset Management has a long heritage and track record in managing passive investments across different sectors, currencies and investment vehicles, and I am excited to be working with the team to deliver solutions and strategies which directly address the challenges that clients face today.”