Evelyn Partners has hired HSBC Asset Management’s Kate Morrissey as its head of asset allocation, a new position for the firm.
Morrissey (pictured), who will lead the group in managing £62.7bn of assets, previously spent 23 years at HSBC, having joined the firm on its graduate programme in 2000. Most recently, she worked within the company’s asset management division as its head of World Selection and Global Strategy fund ranges.
Morrissey will head up Evelyn Partners’ macroeconomic and quantitative strategy teams, leading them to recommend asset allocation choices to the firm’s tactical asset allocation group. She will report to chief investment officer Edward Park.
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Commenting on her appointment, Morrissey said: “I am delighted to be joining Evelyn Partners at such an exciting time. I am looking forward to working alongside Edward Park and the broader team to strengthen our asset allocation process.
“In partnership with the investment management teams, I am excited to help drive the investment proposition and deliver best-in-class solutions for our clients.”
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CIO Park added that Evelyn Partners is “delighted to welcome someone of Kate’s calibre and track record to the central investment team”.
“Her proven leadership and collegiate style is well aligned with the Evelyn Partners investment process and I look forward to working with Kate to develop our investment approach and establish the investment specialist team,” he said. “This group will be dedicated to delivering our key investment messages to our internal and external partners.”
This story was written by our sister title, Portfolio Adviser
