HSBC Asset Management has sent intermediaries a letter outlining its intentions after losing five ma...
HSBC Asset Management has sent intermediaries a letter outlining its intentions after losing five mainstream fund managers to Cazenove last month. In the letter, the group said the independent sector has always been a vitally important part of its business and it remains committed to supporting advisers with a range of products and services. HSBC confirmed UK Growth & Income, now run by Bob Morris after Tim Russell defected to Cazenove, will continue to be its flagship fund. As to why Morris had not been promoted to intermediaries before Russell's departure, chief executive of the gr...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
