HSBC Asset Management hires new CEO

Blair Pickerell replaces Paul Chow as chief executive of "the biggest job in asset management in Asia".

HSBC Asset Management in Hong Kong has appointed Blair Pickerell as its new CEO. He replaces Paul Chow, who left last month to head the Hong Kong Stock Exchange. It is a significant move that has the potential to make HSBC's already dominant position in Asian fund management unassailable.

The hire itself happened very quickly. I can hardly believe it myself, says Pickerell. Paul went to the stock exchange and HSBC found itself with an opening on the asset management side, and asked me if I'd consider the position.

He says initially he wasn't interested, because he had recently founded his own company, Capital Holdings, after a distinguished career...

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