HSBC Asset management has recruited Ayaz Ebrahim and Husan Pai, both from Credit Agricole. Ebrahim will assume the role of director and chief investment officer equities, Asia ex-Japan, while Pai will be the new director of equities investment. Both moves will take effect on January 1, 2003. Ebrahim will report to Paul Chow, chief executive officer, Hong Kong and to the global chief investment officer.