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HSBC Asset Management creates new unit for alternatives business

17 June 2022

    HSBC Asset Management creates new unit for alternatives business

    • The Capital Solutions Group to join HSBC Alternatives offering flexible capital solutions to HSBC's wholesale clients and selected market participants
    • Borja Azpilicueta moves from HSBC Global Banking & Markets to head team

    17 June, 2022 - HSBC Asset Management (“HSBC AM”) announces it will be creating a new unit, the Capital Solutions Group (“CSG”), that will sit within its alternatives business, HSBC Alternatives.

    The CSG will raise funds and create bespoke offerings in private and sustainable assets delivering flexible capital solutions for both institutional and wealth clients of HSBC Asset Management.

    The CSG will become a new horizontal within HSBC Alternatives, collaborating with the existing investment capabilities of Indirect Alternatives, Private Credit, Venture Capital and Real Assets, to develop and scale solutions for both issuer and investor clients.

    Joanna Munro, CEO, HSBC Alternatives said: “The creation of CSG demonstrates the strength and collaboration across HSBC’s business lines to serve our global clients by connecting borrowers and investors.”

    Borja Azpilicueta will lead CSG and will move to HSBC AM, reporting to Joanna Munro, CEO of HSBC Alternatives, later this year and will join the HSBC Alternatives Management Committee. Borja currently leads HSBC Global Banking’s Private Capital Group.

    HSBC Alternatives has a 220+ strong team and combined assets under management and advice of USD58 billion1. It aims to provide investors with access to high quality and innovative investment opportunities that deliver strong risk-adjusted returns as well as positive impacts for both society and the planet. In March 2022 it expanded its alternative investments capability with a new Listed Infrastructure Equity Team and launched its first Global Listed Infrastructure Equity fund. In May 2022 its UK-focused direct lending capability attracted USD1bn in commitments from institutional investors in its first year.

    Notes to editors:
    [1] - As at 31 March 2022

    For journalists only and should not be distributed to or relied upon by any other persons.

    Media enquiries to:
    Mat Barling
    + 44 (0) 738 479 4295

    Notes to editors

    For journalists only and should not be distributed to or relied upon by any other persons.

    Approved for issue in the UK by HSBC Global Asset Management (UK) Limited, which is authorised and regulated by the Financial Conduct Authority. Copyright © HSBC Global Asset Management (UK) Limited 2022. All rights reserved.

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