HSBC Asset Management has named Thorsten Michalik as the new chief executive of its alternatives division, effective 1 April.

He will replace Joanna Munro, who is set to retire following a career spanning over 40 years in asset management, including two decades at HSBC.

Munro has been at the helm of the alternatives business since 2021.

Michalik joined HSBC Asset Management in November 2019 and most recently held the position of CEO for Europe, UK, and Americas, overseeing both sales and management operations, as well as supervising the regional country CEOs.

His earlier roles at the firm include global head of wholesale and partnerships, followed by head of sales for Europe, Middle East, Americas, and wholesale from 2022.

Michalik will remain based in London and report to Nicolas Moreau, CEO of HSBC Asset Management.

Matteo Pardi, who is currently CEO for Continental Europe at HSBC Asset Management, will take on Michalik’s previous responsibilities as interim CEO for Europe, UK, and Americas from 1 April.

Pardi will continue with his current duties and report to Moreau.

He has been with HSBC since 2001 and has worked across markets in Continental Europe and the Middle East.

Moreau said: “Joanna has made an outstanding contribution to HSBC Asset Management, most recently leading our global alternatives business and playing a pivotal role in shaping it into what it is today, as well as being an inspiring role model to many in the industry.”

“With Thorsten’s strong track record and deep knowledge of the business, we’re confident he will build on this momentum and lead our alternatives platform into its next phase of growth as we invest in our business. As client demand for alternative investments continues to grow, we remain focused on expanding our capabilities and delivering differentiated solutions for investors.”

"Thorsten Michalik named CEO of HSBC AM Alternatives" was originally created and published by Private Banker International, a GlobalData owned brand.

 

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