On January 8th, HSBC Global Asset Management announced the appointment of Michael Cross as the Chief Investment Officer for the Asia-Pacific region, succeeding the retired Chan Pak Chi. Cross will be based in Hong Kong and will report directly to the Asia-Pacific and Hong Kong CEO Helen Wong, while also reporting functionally to the Global Chief Investment Officer Xavier Baraton. At the same time, Cross will continue to serve as the Global Fixed Income Investment Director. After taking up his role, Cross will be responsible for leading HSBC Global Asset Management's investment business in Asia, leading a team of over 180 professionals to manage assets exceeding $200 billion. It is understood that Michael Cross joined HSBC Global Asset Management in 2015 as the Head of Global Public Sector Institutions, responsible for the development and strategy of sovereign wealth funds, central banks, and sovereign retirement funds. Cross later served as the Deputy Head of Institutional Business and Global Chief Investment Officer for Fixed Income, and prior to joining HSBC Global Asset Management, he held positions at the Bank of England and the International Monetary Fund, bringing with him 25 years of industry and market experience.