HSBC Alternatives Names New CEO

Oct 2 2007 | 10:40am ET

HSBC Alternative Investments has named Nigel Webber, currently chief investment officer of HSBC Private Bank, its new CEO.

Webber will remain CIO of the private banking group. He succeeds Barbara Rupf Bee, who was appointed CEO of HSBC Investments.

HSBC Alternative Investments is the research and fund of funds group of HSBC.

“HAIL will continue to invest in the growth of the business with the goal of substantially increasing assets under management over the next three year,” Webber said.

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