HSBC Asset Management has announced the formation of a new listed infrastructure equity team in an expansion of the firm’s alternative investments capability.
Joining HSBC AM from AMP Capital, the seven-member team is led by head of listed infrastructure equity Giuseppe Corona and has worked together for more than five years.
Among the listed infrastructure equity team are managing principal Joseph Titmus and senior analyst Xueting (Claire) Zhang, both Sydney-based.
Meanwhile, managing principals Antonio Barbera and Andy Jones, principal Michel Debs, investment specialist Jessica Nguy and Mr Corona are all based in London.
Mr Corona said the team was 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,” he said.
“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.”
HSBC AM also announced the launch of its first Global Infrastructure Equity fund, a sub-fund of HSBC Global Investment Funds (HGIF).
The fund will invest in a diversified portfolio of listed infrastructure assets across developed and developing equity markets using a decision-making process that embeds ESG with a focus on investments in the communication, energy, transportation and utilities sectors.
“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,” said HSBC Alternatives CEO Joanna Munro.
“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.”
