HSBC Global Asset Management appoints Head of Global Emerging Markets Debt

HSBC Global Asset Management has announced the appointment of Luther Bryan Carter as Head of Global Emerging Markets Debt (EMD).

Carter brings nearly 20 years’ industry experience to his new role, most recently as the award-winning lead portfolio manager for EMD at BNP Paribas Asset Management, says HSBC in a press release, where he hired and led a team of 16 professionals and significantly increased the firm’s EMD asset base.

Prior to joining BNP Paribas, he managed EMD and Global Absolute Return Bond capabilities at Acadian Asset Management for nine years and directed its quantitative fixed income research effort. He started his career as an economist at the US Treasury Department and T Rowe Price.

Carter has strong ESG credentials having developed and implemented an innovative ESG process for EMD at BNP Paribas. Since 2014, he has been deeply involved in the Emerging Markets Investors Alliance, a leading global non-profit network of institutional investors committed to advancing sustainable social and economic development in emerging markets.

In his new role, he will be responsible for the management of HSBC Global Asset Management’s global EMD team, investment process and portfolios, following the completion of relevant due diligence and regulatory approval.

He takes over from Nishant Upadhyay, who remains with the firm and will focus on fixed income investment platform projects. The firm thanks Upadhyay for his contributions to the business since joining in 2016. While taking immediate oversight responsibility for all investment decisions, Carter’s first initiative and focus will be on deepening the country research function.

Xavier Baraton, Global CIO Fixed Income, Private Debt and Alternatives, HSBC Global Asset Management, said: “Bryan has a strong track record in the industry and will play a leading role in strengthening our EMD investment process. Global EMD remains our key capability and Bryan’s appointment is testament to our commitment to managing these assets with the skill, expertise and stewardship that our clients expect.”