Bastos who is at present CEO for asset management business in Brazil and regional head of Latin America will relocate to Hong Kong to replace Joanna Munro.
With more than 25 years of experience in the financial services industry, Bastos joined HSBC in Brazil in 2006 and has” driven significant growth” in the bank’s asset management business in Latin America, the asset manager said.
He will report Sridhar Chandrasekharan, global chief executive, HSBC Global Asset Management and locally to Kevin Martin, HSBC’s regional head of retail banking and wealth management, Asia-Pacific.
Munro has been appointed HSBC Global Asset Management’s global head of fiduciary governance. Based in the UK, she will report to Chandrasekharan and will also be a member of the global executive committee.
