Head of Investor Relations appointment for Alternatives business
HSBC Asset Management appoints Head of Investor Relations for Alternatives business
March 3, 2021 - HSBC Asset Management has appointed Michael Stromsoe as Head of Investor Relations for its Alternatives business. Based in London, he will report to Steven Ward, Head of Alternative Products.
With over 15 years’ experience in marketing and capital raising, Michael will be responsible for working with the firm’s institutional and wholesale sales and client servicing teams to define and develop all aspects of client communication and post-sale engagement on alternative products
He joins from Macquarie, where he was responsible for strategic and operational leadership of the marketing and investor services team, supporting Macquarie’s global infrastructure and real asset business. Prior to that, he was Head of Investor Relations and Partner at Brevan Howard.
Commenting on the appointment, Steven Ward said: "Michael’s appointment is an important step in our ambition to expand our alternatives platform. With his extensive experience in investor relations, Michael will play a key role in our future success by engaging with clients on current investment themes, their needs and how our products can address them.”
Michael Stromsoe added: “As we look across the industry, one of the clearest trends is the increasing prominence of alternative investments in client portfolios. HSBC Asset Management is well positioned to help investors navigate the complexities of alternative asset classes and I look forward to working with the wider team to support its continued growth.”
In 2020, HSBC Asset Management set out its strategy to re-position its business as a core solutions and specialist emerging markets, Asia and alternatives focused asset manager, with client centricity, investment excellence and sustainable investing as key enablers. Over the past four years HSBC Asset Management’s alternatives team has doubled its assets to USD56 billion1 of assets under management, advice and oversight and will continue its expansion in 2021 while developing products to benefit its clients.
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Media enquiries to:
HSBC Asset Management
Mat Barling +44(0) 207 992 5568 mathew.barling@hsbc.com
Notes to editors:
[1] - As at 31 December 2020. Alternatives assets include USD3.1 billion from committed capital ('dry powder').
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Approved by HSBC Asset Management and issued in the UK by HSBC Asset Management (UK) Limited, who are authorised and regulated by the Financial Conduct Authority.
HSBC Asset Management
HSBC Asset Management, the investment management business of the HSBC Group, invests on behalf of HSBC’s worldwide customer base of retail and private clients, intermediaries, corporates and institutions through both segregated accounts and pooled funds. HSBC Asset Management connects HSBC’s clients with investment opportunities around the world through an international network of offices in 25 countries and territories, delivering global capabilities with local market insight. As at 31 December 2020, HSBC Asset Management managed assets totaling USD 612billion on behalf of its clients. For more information, see www.assetmanagement.hsbc.com/uk
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HSBC Holdings plc, the parent company of HSBC, is headquartered in London. HSBC serves customers worldwide from offices in 64 countries and territories in its geographical regions: Europe, Asia, North America, Latin America, and Middle East and North Africa. With assets of USD 2,984billion at 31 December 2020, HSBC is one of the world’s largest banking and financial services organisations.
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