Guy Dunham has left his role as HSBC Global Asset Management's London head of global bonds.
The firm has replaced Dunham, who handed over responsibilities in January, with existing global bond team member Ernst Osiander.
Since joining HSBC in 2011, Dunham had expanded the fixed income team substantially. As well as managing the now nine-strong team, he had specific fund responsibilities and client-facing obligations.
Osiander, who joined HSBC in 2012, has also been a key figure, helping to develop a systematic investment process incorporating various fixed income teams around the world. As part of his new role, Osiander will also join the firm's global fixed income management group.
While Dunham's fund responsibilities will be shared out among the team, in the wake of the change, the £100m HSBC Sterling Income fund is to liquidate.
