HSBC Promotes New Global Sales Head

Oct 18 2007 | 12:16pm ET

HSBC Private Bank has appointed Patrick Tuohy as global head of sales and marketing of its alternative investment group. Tuohy will have collective responsibilities for the sales efforts of both the HSBC Alternative Investments Limited funds of hedge funds business and the private bank’s hedge fund advisory business.

 Tuohy will report to Nigel Webber, the CEO of HAIL, and to Peter Rigg, the global head of the alternative investment group.

Tuohy joined HSBC in 2004 as the head of the HSBC Private Bank’s Alternative Funds Group, based in Hong Kong, where he had overall responsibility for the hedge fund investment platform in Asia. Prior to joining HSBC, Tuohy worked in Hong Kong with Momentum Asset Management, the Bermuda-based alternative funds specialists, to establish Momentum Asia in 1998.

“With more than a decade of hedge fund investment experience, including three successful years as the AIG’s marketing head in Asia, Patrick is positioned to continue to promote the AIG and HAIL as the HSBC Group’s centre of excellence for hedge fund research and capitalise on the growing global interest in alternative investments,” said Webber.

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