Pimco Manager Joins HSBC

Guillermo Osses has joined HSBC Asset Management in New York as an EM fixed-income portfolio manager, according to people with knowledge of the matter. He is said to have joined last week, after moving from Pimco, where he was also EM portfolio manager. His hiring comes as HSBC Asset Management reorganizes and absorbs HSBC Halbis. The EM portfolio management duo of Arif Joshi and Denise Simon left Halbis last year to launch an EM fixed-income platform at Lazard Asset Management.