HSBC poaches high yield manager from Aberdeen

HSBC Global Asset Management has appointed high yield specialist Mary Bowers to its global fixed income team.

Bowers, who joins from Artio Global Investors - purchased by Aberdeen Asset Management earlier this year - will run HSBC's $1.1bn GIF Global High Yield Bond fund and its $20m GIF Global Short Duration HY Bond fund. She previously co-managed $4bn in high yield assets at Artio. For her new role, based in New York, she will report to Xavier Baraton, global CIO, fixed income at HSBC Global Asset Management. "Mary's hire reflects a strengthening of HSBC Global Asset Management's US and global high yield resources based in New York, and very much complements our existing high yield capab...