HSBC Global Asset Management has appointed a head of passive fixed income within its investment team, as the bank’s investment arm seeks to strengthen its passive investments business.
Sebastien Faucher was formerly the head of index fixed income responsible for ongoing fund management activities across all index fund strategies, including implementation and client onboarding, at Legal & General Investment Management.
Prior to his time at Legal & General, Faucher was an investment manager for the global fixed income business of State Street Global Advisors.
HSBC said Faucher has taken up the newly-created role as part of its strategy to provide clients with the most relevant range of products.
Based in London, Faucher will report to global chief investment officer, Xavier Baraton who said the new hire forms part of HSBC’s plans to strengthen its passive investments business.
“The initiative, in which Sebastien will play a key role, is in response to identified client demand. It reflects our commitment to satisfy it with the most relevant and effective range of products and solutions,” Baraton said.
HSBC added it will unveil a number of passive fixed income products as part of its new Undertakings for the Collective Investment of Transferable Securities (UCITS) product range later this year.