Lacy H. Hunt, chief economist at HSBC Markets, will join Hoisington Investment Management Co., Austin, Tex., as executive vice president, effective Oct. 14.

Formed in 1980, Hoisington currently has over $2.5 billion under management for pensions, endowments, and insurance companies. The firm also advises the Wasatch-Hoisington U.S. Treasury mutual fund.

Mr. Hunt will be succeeded at HSBC by Ian Shepardson, now chief United Kingdom economist for HSBC in London, also effective Oct. 14. HSBC is a unit of Hongkong and Shanghai Banking Corp., whose main U.S. subsidiary is Marine Midland Banks.

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