Ex-L&G Investments chief Ellis joins HSBC GAM

Simon Ellis, the former managing director of L&G Investments' unit trust business, has joined HSBC Global Asset Management.

Ellis (pictured), who spent three years at L&G Investments' unit trust business transforming the proposition, has joined HSBC's asset management arm as global head of client segments. In the newly created role, Ellis will work on developing the group's client proposition. The group said his main responsibilities will be to develop the service, product and reporting proposition for each major client segment it targets. Ellis - who has also worked at Fidelity, Axa IM and Henderson - will report to HSBC GAM's global head of client strategy, Ruth Kelly.