HSBC Asset Management, with its strong expertise in the financial markets, is about to make some changes within the company. The company has just created a new division which will be dedicated solely to alternative management. As part of this creation, the company has also made some adjustments to its management team with changes in positions.
HSBC Alternatives is the name given to the new asset management division created by HSBC Asset Management. Its creation is part of the group's objective to bring together all of its alternative investment activities within a single division. It has a staff of 150 and has assets under management and advisory services estimated at over US$50 billion.
In addition, HSBC Alternatives Investments will become part of HSBC Alternatives. It should be noted that HSBC Alternatives brings together the hedge fund and private market multi-management teams. It also includes the private debt, venture capital and direct real estate teams.
It also includes operations based in several regions of the world, including the UK, Switzerland, Germany, France, the US and Hong Kong.
In creating the new HSBC Alternatives business, HSBC AM has also been thinking about appointing the right person to lead it. The company has therefore chosen Joanna Munro. She is currently Global Head of Investment Management.
Joanna is based in London and reports to Nicolas Moreau. He is the CEO of HSBC AM and is based in Asia. To replace Joanna Munro as head of global management, the company has chosen Xavier Baraton.
Baraton currently works at the firm as head of fixed income, private debt and alternative investment management. He will be based in Paris. Baraton's successor is not yet known. It is expected to be announced in the coming days.
HSBC AM has seen a significant increase in its alternative assets over the last four years. They have almost doubled over this period. In addition, the company has developed a strategy to ensure its repositioning as a core solution provider and specialist Asian asset manager.
Through this strategy, HSBC AM aims to become a specialist Asian andemerging markets asset manager. It also intends to establish itself as a specialist in alternative investment management. The group has indicated that the next step in the implementation of this strategy is the creation of a single asset management business.
In addition, HSBC AM is renowned for its ability to connect clients to investment opportunities around the world. The company has over 150 years of experience in the financial markets. It has a presence in 25 countries and territories. In addition, the company has approximately $621 billion in assets under management. It also has over 618 investment professionals.