HSBC has named Rami Hayek as head of its central bank and reserve manager services and co-head of its sovereign wealth and public funds coverage for Asia Pacific.

He started the newly created Hong Kong-based position in July after having resigned from Swiss bank UBS, where he had been head of client coverage for Asia Pacific, in November 2012.

As of press time, AsianInvestor could not ascertain what Hayek had been doing in the interim.

At HSBC's financial institutions group, he reports locally to Olivier de Grivel and functionally to Christian Deseglise.

Having joined HSBC in November 2012, de Grivel was earlier this year promoted to co-head of global financial institutions. Deseglise is global head of central banks and co-head of sovereign wealth funds and public funds.

Michael Bevan is the other co-head of sovereign wealth and public funds. His appointment was announced in October last year.

Hayek’s role was created partly from responsibilities previously under Simon Derrick’s remit.

Derrick was hired in 2012 and covered asset and reserve managers for Asia Pacific from Hong Kong, before moving to a global role based in London earlier this year.

At UBS, Hayek was responsible for developing and managing the bank’s relationships with public sector asset owners.

He joined UBS from Credit Suisse Asset Management, where he was head of distribution for Asia Pacific, in February 2011, according to his LinkedIn profile.

Before that he was based in the UK, where he worked at Deutsche Bank as global head of equity and fixed income, and Barclays Wealth as global head of product development.