The new senior hire has been with HSBC Asset Management for 25 years during which time he has led the growth of the bank’s wholesale businesses across the Middle East, Northern Europe and the UK.

HSBC Asset Management, part of HSBC, has appointed Dan Rudd as CEO of HSBC Global Asset Management (UK) Ltd and head of UK Wholesale, subject to regulatory approval.

In this dual role, Rudd will be responsible for the development and oversight of the firm’s UK business as well as leading the UK wholesale sales team. With more than 30 years’ experience in the asset management industry, Rudd has been with HSBC Asset Management since 2005, most recently as head of Wholesale Northern Europe. He has also led the growth of the bank’s wholesale businesses across the Middle East and the UK.

Rudd will continue to be based in London, and will report to Thorsten Michalik, CEO, Europe, UK and Americas. “Dan’s appointment reflects his deep industry experience and strong track record in successfully growing our wholesale businesses,” Thorsten Michalik, CEO Europe, UK and Americas for HSBC Asset Management, said. “I’m confident that under his leadership, our UK business will continue to thrive and deliver for our clients.”

Rudd’s appointment follows the recent hire of Richard Smith as head of UK credit solutions and senior portfolio manager.