HSBC Asset Management has expanded its alternatives capability with the hire of a listed infrastructure equity team from AMP Capital.

HSBC Asset Management has hired a team from AMP Capital to establish its own listed infrastructure equity team, according to a statement. 

The team will be led by head of listed infrastructure equity Giuseppe Corona and report to HSBC Alternatives chief executive Joanna Munro.

At AMP Capital, the team had worked together for five years overseeing $2 billion in listed infrastructure equity assets.

London and Sydney

The newly hired members of the listed infrastructure equity team will be split between London and Sydney.

Those based in London include Corona, Antonio Barbera (managing principal), Andy Jones (managing principal), Michel Debs (principal) and Jessica Nguy (investment specialist). 

And those based in Sydney include Joseph Titmus (managing principal) and Xueting Zhang (senior analyst).

New Strategy

The new listed infrastructure equity team has launched its first global listed infrastructure equity strategy which invests in a diversified portfolio of listed infrastructure assets across both developed and developing equity markets with a focus on the communication, energy, transportation and utility sectors. 

«Listed infrastructure has seen significant growth over the last decade. We expect this trend to continue, supported by secular tailwinds such as the ongoing digitalization of the economy and the vital need to transition to a lower carbon environment,» said Corona.

«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,» added Munro. «Asset classes like infrastructure are ideally placed as they allow them to do this with a sustainable focus.»

HSBC Alternatives

In 2021, HSBC Asset Management announced a reorganization that saw all existing alternative capabilities folded under a single business unit – HSBC Alternatives. 

The 150-strong unit has combined assets under management and advice totaling $47 billion, as of December 31, 2021.