HSBC Global Asset Management announced the appointment of Luther Bryan Carter as Head of Global Emerging Markets Debt, effective immediately. Based in London, he will report to Xavier Baraton, Global CIO Fixed Income, Private Debt and Alternatives.
The asset manager explained in a press release that in his new role, Carter will be responsible for the management of the global EMD team, investment process and portfolios, after the completion of due diligence and regulatory approval. “While taking immediate oversight responsibility for all investment decisions, his first initiative and focus will be on deepening the country research function”, they added.
Carter will take over from Nishant Upadhyay, who will remain with the firm and will focus on fixed income investment platform projects. The firm thanked Nishant for his contributions to the business since joining in 2016.
Xavier Baraton, Global CIO Fixed Income, Private Debt and Alternatives, 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.”
Bryan has nearly 20 years’ industry experience, most recently as the award-winning lead portfolio manager for EMD at BNP Paribas Asset Management, 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 worked at Acadian Asset Management, T Rowe Price and as an economist at the US Treasury Department.
HSBC Global AM stated that 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.