People Moves
HSBC AM Ramps Up Distribution Effort
The new appointee has come over from DWS, where he was co-head of its distribution arm. This hire highlights the sharpening competition of firms working with groups such as wealth managers, IFAs and others to distribute their products.
HSBC
HSBC Global Asset Management, part of HSBC, has appointed Thorsten
Michalik to the newly-created role of global head of external
wholesale, a role that sees him work with wealth managers,
private banks and other groups.
Michalik will report to Christophe de Backer, global head of
wholesale business and partnerships, the firm said in a statement
yesterday.
Working for more than 20 years in the asset management sector,
Michalik is joining from Deutsche Bank where he spent 19 years,
most recently as global co-head of distribution for DWS. Prior to
this, he spent four years at UBS.
