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HSBC Global Asset Management replaces CEO

HSBC Holdings PLC named Nicolas Moreau CEO of HSBC Global Asset Management, according to an Aug. 6. statement.

Moreau replaces Sridhar Chandrasekharan, who will move to a different senior role at the lender.

Moreau was most recently CEO of Deutsche Bank AG's asset management division DWS Group GmbH & Co. KGaA.