HSBC hires ex-Deutsche investment boss to run $500bn fund management arm

Nicolas Moreau left DWS in October after failing to stem heavy outflows from the business The former boss of Deutsche Bank’s investing arm has been appointed chief executive of HSBC Global Asset Management. Nicolas Moreau will join the business, which looks after around $500bn in assets, in September. He will replace Sri Chandrasekharan, who is moving to…