Dan Rudd has been promoted to the newly created role of head of wholesale for Northern Europe and the Middle East.
He has more than 28 years’ industry experience and joined HSBC in 2005. In his most recent role, Rudd was head of external wholesale UK, Ireland and Middle East.
Reporting to HSBC AM’s global head of wholesale and partnerships, Thorsten Michalik, Rudd will now take on responsibility for all wholesale client coverage and strategy across his existing markets plus Germany, the Nordics and Switzerland.
Rudd said: “Retail alternative funds are one of the key future growth drivers for the asset management industry and assets under management among European retail investors is expected to double in the next three years.
“We see this as a real opportunity to provide wholesale customers with alterative investment strategies which were predominantly only available to much larger investors.”
Michalik added: “This is a very exciting time for HSBC AM. With our past record of strong growth in our core public market strategies, we’re now entering a new phase within wholesale as we support clients’ increasing needs for Private Market solutions. We’re perfectly placed to bring Asia private market opportunities to clients across Europe and the Middle East.”