HSBC makes new Singapore-based appointments
HSBC Asset Management (HSBC AM) has appointed a new Singapore-based direct real estate team as part of its strategy to build out its alternatives businesses, it said in a statement on Wednesday.
The team will be led by Victoria Sharpe, managing principal and head of real estate, Asia Pacific, who will be responsible for the strategic growth of the firm's real estate platform across the region.
Ms Sharpe was previously from DWS where she was responsible for building and leading its Asia Pacific real estate business. Prior to that, she was head of real estate, Asia Pacific at PGIM, the investment management business of Prudential Financial.
She joined HSBC AM on Sept 1 and will report to HSBC Alternatives' chief executive Joanna Munro.
In the team are also Lionel Low and James Bartlett, who joined as managing principals on Aug 2 and will report to Ms Sharpe.
Mr Low was previously executive director at Ascendas Asia Real Estate Fund Management, the regional investment manager of CapitaLand, while Mr Bartlett was also from DWS, where he was real estate deputy chief investment officer, Asia and head of real estate, Australia.
BT in your inbox
Start and end each day with the latest news stories and analyses delivered straight to your inbox.
The team in Singapore will work closely with and report locally to HSBC AM's Singapore chief executive officer and head of South-east Asia Patrice Conxicoeur.
Mr Conxicoeur said: "Having this team on the ground will better position us to meet the investment needs of the different client segments that we serve in this region, including wealth, insurance and corporates."
Ms Munro also noted that the appointment of the team will grow HSBC's alternatives business in Asia and provide locally invested real estate exposure to its global client base.
HSBC added that having the new team is "a testament of HSBC's ambition to further expand its insurance and wealth franchise in this region".
HSBC AM in June brought together all of its existing alternatives businesses under a single business unit, HSBC Alternatives, as part of its strategy to reposition the business as a core solutions provider and specialist in emerging markets in Asia, as well as an alternatives-focused asset manager.
Separately, HSBC said late on Wednesday that Zhu Kuang has been appointed HSBC's Chief Digital, Data & Innovation Officer for Securities Services with immediate effect.
He will be based in Singapore, having re-joined HSBC from Standard Chartered Bank in Singapore where, for the last four years, he was global head of product innovation, financing and securities services.
READ MORE
Copyright SPH Media. All rights reserved.
