HSBC AM finds UK credit solutions head in abrdn investment director

Richard Smith joins

HSBC Asset Management has appointed Richard Smith as a senior portfolio manager and head of UK credit solutions, hiring the former investment director from abrdn.

Smith joined the firm after more than two decades with abrdn, first joining Aberdeen Asset Management in 1998, following a spell at DWS. As investment director, Smith helped manage global corporate, aggregate, total return and buy and  maintain portfolios for abrdn. Profits dive 66% at abrdn investment arm as funds struggle to outperform In his new role, Smith will be responsible for developing bespoke global fixed income offerings, alongside helping to manage global bond portfolios. Based in London, Smith will report to head of global credit Oliver Boulind. ...