HSBC Global Asset Management has recruited Nicolas Moreau as CEO, taking over from Sri Chandrasekharan who is moving to another senior position within the wider group.
Moreau joins after most recently working as CEO of European asset management company DWS. He has also been a member of the management board at Deutsche Bank, chairman and chief executive of AXA France...
December 'remains achievable'
Able to monetise its assets
Formal agreement set to be announced soon
Cash holdings continue to grow