Christian Deseglise, the high-profile head of emerging markets at HSBC Global Asset Management’s funds division, has left the company after seven years. His departure comes as emerging markets products, traditionally a strong performer for the bank, has suffered billions of dollars of outflows as equity markets tumble around the world.
Deseglise, who will be succeeded by Sylvia Coutinho, the current regional head of Latin America, was formerly head of the Americas region and based in New York. He took over as HSBC’s emerging-markets “champion” in January 2007.
His role did not involve frontline portfolio management and HSBC’s funds, including its flagship Brazil, Russia, India and China product, will continue to be managed by Nick Timberlake, head of emerging-markets equities.
The full story is available at the Wealth Bulletins web-site.
D.C.