HSBC Global Asset Management, part of the UK/Hong Kong-listed banking group HSBC, has appointed Mary Bowers as a senior global high yield fund manager in its global fixed income team, based in New York.

The team manages about $3 billion in the high-yield sector of the credit market. Bowers will manage the HSBC GIF Global High Yield Bond Fund and the recently launched HSBC GIF Global Short Duration High Yield Bond Fund which have $1.1 billion and $20 million in assets respectively.

Bowers previously worked at Aberdeen Asset Management/Artio Global Investors (formerly Julius Baer Asset Management) in New York, where she had ten years of experience in global high yield portfolio management, co-managing approximately $4 billion of high yield assets. She has been working in the industry since 2001.

She reports to Xavier Baraton, global chief investment officer, fixed income at HSBC Global Asset Management.