Besides being responsible for fixed income, Michael Cross will coordinate the firm’s investment outlook, including investment themes and risks. Cross will take the position as of 1 September. Previously, Cross was vice charman of HSBC’s institutional business.  

Xavier Baraton, who Cross replaces, was appointed global CIO in June. Baraton on Cross: “Michael brings a strong client experience which will be decisive in our ongoing efforts to develop innovative, sustainable solutions for our clients globally. His visibility across the industry and experience in engaging with public sector clients will contribute to further strengthening our relationships with senior decision makers across all client segments.”