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HSBC to appoint CEO for asset management business

HSBC Holdings PLC will appoint Nicolas Moreau as CEO of HSBC Global Asset Management, Sky News reported.

Moreau replaces Sridhar Chandrasekharan, who will move to another senior role after eight years as CEO of the asset management business.

Moreau was previously CEO of DWS Group GmbH & Co. KGaA, the asset management arm of Deutsche Bank AG.