Cross Named Fixed Income CIO at HSBC AM
Posted by Colin Lambert. Last updated: August 17, 2021
Former head of the Bank of England’s FX Division, Michael Cross, has been named as chief information officer for global fixed income at HSBC Asset Management. Effective 1 September, Cross, who joined the firm in 2015 and was most recently vice-chair of the firm’s institutional business, will report to Xavier Baraton, global CIO.
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. Prior to joining HSBC, he spent three years at the IMF and 20 years at the Bank of England, where, as head of the FX division, he led the portfolio management team of FX dealers, as well as policy, research and market intelligence managers and analysts.
“With strong credentials in managing fixed income teams, Michael’s high calibre profile, fundamental focus and particular specialisation on FX and rates will further support our growing recognition as a leading global fixed income asset manager, complementing our well recognised expertise in credit, Asia and emerging markets debt,” says Baraton. “Michael brings a strong client experience which will be decisive in our ongoing efforts to develop innovative, sustainable solutions for our clients globally. His visibility across the industry and experience in engaging with public sector clients will contribute to further strengthening our relationships with senior decision makers across all client segments.”