HSBC Global Asset Management (USA) has appointed Mary Bowers as a senior global high yield fund manager in its global fixed income team, based in New York.
The team manages approximately USD3bn in the high yield capability. Bowers will manage the HSBC GIF Global High Yield Bond Fund and the recently launched HSBC GIF Global Short Duration High Yield Bond Fund which have USD1.1bn and USD20m in assets respectively.
Bowers joins from Aberdeen Asset Management/Artio Global Investors (formerly Julius Baer Asset Management) in New York, where she had ten years of experience in global high yield portfolio management, co-managing approximately USD4bn of high yield assets.
She reports to Xavier Baraton, global chief investment officer, fixed income at HSBC Global Asset Management.
Baraton says: “Mary's hire reflects a strengthening of HSBC Global Asset Management's US and global high yield resources based in New York, and very much complements our existing high yield capabilities in the US, Paris and Hong Kong."