HSBC GAM appoints head of UK wholesale

Business-Handshake-Finance-Deal-700.jpgHSBC Global Asset Management has appointed Dan Rudd as head of wholesale, UK.

Rudd, who is currently head of HSBC Global Asset Management, MENA wholesale, will move to the UK in April to take on the role.

He will be responsible for growing both the wholesale business and the advisory proposition, and will head up a team of 10 located throughout the UK. Rudd will report to HSBC Global Asset Management chief executive, UK, Andy Clark.

Rudd joined HSBC in 2005 as head of global life, before which he worked at Deutsche Asset Management.

The appointment follows the departure of Phil Reid, who moved to Royal London Asset Management last month.

Clark says: “Dan has over 20 years’ experience in the industry and he will be a valuable addition to the team. With last year’s pension changes, the role of intermediaries has become more important than ever and it is essential that we continue to provide advisers with high quality advice and products.”

Rudd adds: “The intermediary market remains a key focus for HSBC Global Asset Management and I look forward to developing this area further.”