HSBC Asset Management Expands Alternatives Capability with New Listed Infrastructure Equity Team
March 28 - HSBC Asset Management (HSBC AM) has expanded its alternative investments capability with a new Listed Infrastructure Equity Team and launched its first Global Listed Infrastructure Equity fund. The team joins from AMP Capital.
The award winning team1, led by Giuseppe Corona, Head of Listed Infrastructure Equity, has worked together for over five years and will report to Joanna Munro, CEO of HSBC Alternatives. The team will be split across London and Sydney2. The team has been managing just under 2bn USD in AUM in listed infrastructure equity assets.
The Global Infrastructure Equity fund, a sub-fund of HSBC Global Investment Funds (HGIF), will invest in a diversified portfolio of listed infrastructure assets across both developed and developing equity markets, using a decision-making process which embeds Environmental, Social and Governance (ESG). This active fund will focus its investments in the communication, energy, transportation and utilities sectors. The asset class is pivotal in enabling the energy transition and the assessment of ESG credentials will be fully integrated into the investment process. In addition to playing a core role in Multi-Asset solutions, the fund will be offered to both institutional and wholesale clients globally, and meets Article 8 Sustainable Finance Disclosure Regulation (SFDR) classification.
Giuseppe Corona commented: “We are excited to join HSBC AM’s growing alternatives investment platform. HSBC AM is strongly aligned with our commitment to delivering excellent investment returns to clients, while promoting sustainable investing. Listed infrastructure has seen significant growth over the last decade. We expect this trend to continue, supported by secular tailwinds such as the ongoing digitalisation of the economy and the vital need to transition to a lower carbon environment.”
Joanna Munro said: “This is another pivotal step in HSBC Alternatives’ growth, and we are excited to bring in such a high-quality investment team with a solid track record. Infrastructure equity fits perfectly with our strategy of bringing core and innovative solutions to institutional and wealth clients who are increasingly looking to diversify and allocate more to alternatives. Asset classes like infrastructure are ideally placed as they allow them to do this with a sustainable focus.”
In 2021, HSBC AM announced it was bringing together all of its existing alternatives capabilities under a single business unit, HSBC Alternatives, with a 150-strong team and combined assets under management and advice of USD47 billion3. This news follows HSBC Alternatives’ announcement in September 2021 of the appointment of an Asian Real Estate team based in Singapore and the appointment of John Dewey as Head of Alternative Solutions in February 2022.
Media enquiries to:
Europe
Mat Barling
+ 44 (0) 738 479 4295
mathew.barling@hsbc.com
Australia
Belinda Skurnik
+61 9084 2306
belinda.skurnik@hsbc.com.au
Asia
Grace Lam
grace.y.c.lam@hsbc.com.hk
Notes to editors
[1] - Infrastructure Investor Awards 2021 – Global: Listed Infrastructure Investor of the Year – Winner: AMP Capital
[2] - Team members based in London:
• Giuseppe Corona - Head of Listed Infrastructure Equity
• Antonio Barbera - Managing Principal, Listed Infrastructure Equity
• Andy Jones - Managing Principal, Listed Infrastructure Equity
• Michel Debs - Principal, Listed Infrastructure Equity
• Jessica Nguy - Investment Specialist, Listed Infrastructure Equity
Team members based in Sydney:
• Joseph Titmus - Managing Principal, Listed Infrastructure Equity
• Xueting (Claire) Zhang - Senior Analyst, Listed Infrastructure Equity
[3] – As of 31 December 2021
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