HSBC Asset Management has appointed the former chief investment officer for its Turkey unit to lead its Asia multi-asset team.
HSBC Asset Management names Yiğit Onat as head of multi-asset, Asia, according to a statement, effective June 20 and subject to regulatory approval.
Based in Hong Kong, Onat reports functionally to global multi-asset CIO Jean Charles Bertrand and locally to APAC CIO Cecilia Chan.
He will be responsible for a six-strong multi-asset team in Hong Kong, which manages HSBC AM’s flagship life cycle, income and MPF multi-asset solutions. He will also be supported by more than 70 professionals in 14 markets.
20-Year Vet
Onat has over 20 years of experience, most recently as CIO for HSBC AM Turkey where he led a team of 10 portfolio managers and investment analysts focusing on globally diversified wealth management and multi-asset funds for pension and insurance companies. Previously, he was the head of equities in Turkey and lead manager of a fund focused on Turkish equities.
Onat succeeds Denis Gould, who currently leads the multi-asset & wealth team in Hong Kong, and will retire from HSBC AM on August 31.
