HSBC Asset Management to add team focused on green energy infrastructure
- Bank to add team from Green Transition Partners, asset manager focused on energy transition infrastructure in Asia
- Deal to help expand HSBC Asset Management’s alternative investment offerings
A team of specialists from GTP and certain assets will transfer into HSBC’s alternative investment business in Asia. The transfer of business assets is expected to be completed by the end of February 2023.
“The addition of GTP’s strong team is another milestone for HSBC AM’s alternatives franchise,” Daisy Ho, HSBC Asset Management’s chief executive Officer for Asia-Pacific and Hong Kong, said.
“The combination of GTP and our existing business across the region gives us the scale, reach and capabilities to provide some of the capital required to support the transition to net-zero, in what is forecast to be the world’s biggest region for energy transition infrastructure investments.”
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GTP has targeted mid-market investments in renewable energy generation, storage, grids, charging and hydrogen infrastructure across Asia.