The asset management division of British banking group HSBC has appointed new leadership for its institutional business.

HSBC Global Asset Management has hired Adrian Gordon from BNY Mellon as its new UK head of institutional as his predecessor moves on to lead the firm's strategy.

Gordon was previously head of the institutional business at BNY Mellon Investment Management and has also held senior roles at OppenheimerFunds and Barclays Global Investors (now BlackRock).  

Based in London, Gordon replaces Stuart White, who has been appointed as head of strategy at HSBC Global Asset Management. He will report to global asset management chief Andy Clark.

“Adrian has been specifically appointed to help meet the global long-term investment goals of clients, capitalising on our existing products and solutions,” said Clark in a statement.

“With over 25 years in the industry, Adrian brings to the team a wealth of experience and expertise that will be of tremendous benefit to our institutional business."

White, who led the institutional business for five years, has joined the firm's leadership team and global executive management committee.