Wealth Manager - the site for professional investment managers

Register free for our breaking news email alerts with analysis and cutting edge commentary from our award winning team. Registration only takes a minute.

HSBC GAM global bonds head exits

HSBC GAM global bonds head exits

Guy Dunham has left his role as head of global bonds at HSBC Global Asset Management in London.

In his place HSBC has named Ernst Osiander as head of its global bond team in London. Osiander joined HSBC in January 2012 from FMS Wertmanagement, and between 1999 and 2010 worked at BNY Mellon managing global bond and currency portfolios.

Dunham joined HSBC’s £4 billion fixed income team in 2011 from the Bank for International Settlements, where he had been head of portfolio management. Prior to that Dunham had served as head of UK and European rates strategy at JP Morgan Asset Management and as international portfolio manager at Lazard Asset Management.

At HSBC, Dunham ran several bond funds and his responsibilities on them have now been split between several others.

The £80.5 million HSBC Gilt & Fixed Interest fund is now headed by Kate Morrissey; it has returned 13.6% over the past three years, compared with an average of 17.2% from its Citywire UK Gilt sector.

The £118 million HSBC Global Bond fund has been handed to Osiander; this has generated 5.3% over the past three years, lagging the Citywire Global Bonds peer group average of 9%.

The £100 million HSBC International Sterling Income fund is to liquidate. It has returned 13% over the past three years, while the average fund in its Citywire Sterling Bonds sector has delivered 19.6%.

For more on corporate bonds, visit Citywire's CPD page

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
1 Comment Play Citywire Scotland: how wealth managers use new tech

Citywire Scotland: how wealth managers use new tech

We caught up with a few wealth managers at our annual event in Gleneagles to find out what technological innovations they are employing across their businesses.

1 Comment Play CEO Tapes: Buxton to Gilbert - ‘my Glencore quandary’

CEO Tapes: Buxton to Gilbert - ‘my Glencore quandary’

Do not miss the first two minutes of this film as Richard Buxton shares how he has been challenged by a client for owning shares in a certain company.

Play CEO Tapes: the huge opportunities for asset managers

CEO Tapes: the huge opportunities for asset managers

From tech disruption, retirement and poaching, the CEO discuss the opportunities for their businesses in this episode.

Read More
Wealth Manager on Twitter