Alt Investments

AMP Capital, HSBC Build Listed Infrastructure Equity Team

Shirin Aguiar Reporter 29 March 2022

AMP Capital, HSBC Build Listed Infrastructure Equity Team

HSBC Asset Management and AMP Capital join forces to form new listed infrastructure equity team and strategy/fund.

HSBC Asset Management has partnered with AMP Capital to launch a new listed infrastructure equity team and its first Global Listed Infrastructure Equity Fund strategy.

The collaboration, which expands HSBC AM’s alternatives investment capability, sees a seven-strong listed infrastructure equity team joining from AMP Capital. Led by Giuseppe Corona, head of listed infrastructure equity at AMP Capital, the team will report to Joanna Munro, chief executive officer of HSBC Alternatives.

“We are excited to join HSBC AM’s growing alternatives investment platform,” Giuseppe Corona said. “Listed infrastructure has seen significant growth over the last decade. We expect this trend to continue, supported by secular tailwinds such as the ongoing digitalisation of the economy and the vital need to transition to a lower carbon environment.”

The team, which has been managing $2 billion in AUM in listed infrastructure equity assets, is split between London and Sydney.  Along with Corona, the listed infrastructure equity team members based in London will include managing principals Antonio Barbera and Andy Jones, principal Michel Debs and investment specialist Jessica Nguy.

Managing principal Joseph Titmus and senior analyst Xueting (Claire) Zhang are based in Sydney.

“This is another pivotal step in HSBC Alternatives’ growth, and we are excited to bring in such a high-quality investment team with a solid track record,” Joanna Munro, CEO HSBC Alternatives, said. “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. Asset classes like infrastructure are ideally placed as they allow them to do this with a sustainable focus.”

The Global Infrastructure Equity fund will invest in a diversified portfolio of listed infrastructure assets across both developed and developing equity markets and will  incorporate ESG factors. 

The strategy will focus on the communication, energy, transportation and utilities sectors.  

It will be offered to both institutional and wholesale clients globally (subject to local registration requirement) and meets Article 8 Sustainable Finance Disclosure Regulation classification.

Last year HSBC AM said it was bringing together all of its existing alternatives capabilities under a single business unit, HSBC Alternatives, with a 150-strong team and combined assets under management and advice of $47 billion. 

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