HSBC GAM appoints Global Head of Discretionary Asset Management

HSBC Global Asset Management (HSBC GAM) has appointed Lane Prenevost as Global Head of Discretionary Asset Management and Head of UK Multi Asset, reporting to Jean Charles Bertrand, Global CIO, Multi-Asset. Prenevost will start his new role on 1 September and will be based in London.

With nearly 25 years in the industry, Prenevost brings a wealth of multi-asset experience, most recently as Global Head of Wealth Investments for HSBC Wealth and Personal Banking, where he led a global team of investment analysts and product experts focusing on wealth management and multi-asset investment solutions. 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, Lane 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, Prenevost 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.

Jean Charles Bertrand, Global CIO, Multi-Asset, says: “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.”