HSBC Global Asset Management has appointed a lead manager to its frontier markets equity fund, the company has announced.
Citywire A-rated Ramzi Sidani joined the company in June and is based in London. He will work alongside Citywire + rated Chris Turner on the HSBC GIF Frontier Markets fund. Turner has been managing the fund since the departure of Andrew Brudenell, who joined Ashmore.
Sidani previously worked for SHUAA Asset Management in Dubai, where he co-managed the Arab Gateway fund aimed at investors based in Singapore. Prior to this, he worked for Dubai Group as part of the acquisitions team.
Commenting on the appointment, HSBC GAM's head of equities, Nick Timberlake, said: ‘We believe that our robust team-based approach to managing money really delivers for our clients over the long term.
‘Ramzi’s proven track record of managing Emerging Markets money from the Middle East brings a valuable combination of culture and experience, which will help deliver further investment performance for our clients.’
The HSBC GIF Frontier Markets fund returned 4.6% in US dollar terms over the three years to the end of May 2016. This compares to a 2% rise by the MSCI Frontier Markets TR USD over the same timeframe.