2023 will be driven by fundamentals and more attractive yields, after moving away from a year which saw a multiplicity of risks and lower yields for longer, according to Xavier Baraton, global CIO at HSBC Asset Management.

In this video interview with Asian Private Banker, Baraton shared his thoughts on Asia credit, emerging markets equities, the China reopening, and on skills for future CIOs. He also highlighted that the asset manager has launched 22 sustainability funds in 2022, which continue to be a focus in 2023.

Two decades with HSBC

The CIO has held multiple roles across different asset classes within the bank. “Diversification in investment portfolio, is as important as that in talent building,” he said.

Baraton joined HSBC AM in 2002 to head the Paris-based Credit Research team and became global head of credit research in January 2004.

From 2006, Baraton managed euro credit strategies before being appointed as head of European fixed income in 2008 and as global CIO, fixed income in 2010.

He then moved to the New York office in 2011 and became regional CIO North America. Having returned to Europe, he has taken on additional responsibilities as CIO for alternatives and real assets in 2016 and for private debt in 2019, before being appointed as global CIO of HSBC AM in July 2021.