HSBC loses BT relationship manager

HSBC Securities Services has lost a senior manager of investment manager relations, whose primary responsibility was the bedrock BT/Westpac relationship.

Danny Chidiac came to HSBC SS with its Westpac acquisition in 2006, but will shortly move to a senior product role at Russell Investment Group, reporting to head of product Shannon Vetto. HSBC SS head of client services, John Butler, said a replacement for Chidiac would be announced shortly.

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Future Fund boosts active equity program with new EM manager

Australia’s sovereign wealth fund has added an active equity strategy from a local boutique manager to its emerging markets allocation and dropped one of its existing providers after signaling it had identified "inefficiencies" in the space.

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