HSBC Global Asset Management (GAM) has announced the appointment of Lane Prenevost as global head of discretionary asset management and head of UK multi asset, effective 1 September.
Prenevost will report to Jean Charles Bertrand, global CIO, multi-asset.
He has over 25 years of experience in the industry, most recently he held the position of global head of wealth investments for HSBC wealth and personal banking.
Since joining HSBC Group in 2005, Prenevost also held senior investment roles at HSBC global asset management, including global head of wealth and multi-asset product, where he led the design of products for both retail and institutional investors.
Before that, Prenevost spent 12 years at TD asset management in Toronto, Canada, where he was a senior portfolio manager responsible for multi-asset solutions.
In his new role, he will be responsible for the multi-asset team in the UK and will also focus on enhancing the firm’s global discretionary asset management proposition for clients across HSBC.
Alongside this appointment, Ashley Reid, current head of the multi-asset team in London, will leave the firm to pursue other opportunities.
Bertrand said: “Multi-Asset is a key capability of HSBC Global Asset Management and Lane’s appointment will allow us to maintain our commitment to managing these assets with the skill, expertise and stewardship that our clients expect.”