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HSBC AM Rounds Out Hires For Alternatives Team

Editorial Staff 7 September 2022

HSBC AM Rounds Out Hires For Alternatives Team

The firm has brought together all its alternatives capabilities into a single organisation, with total AuM of $57 billion as at the end of June 2022.

HSBC Asset Management has appointed Victoria Sharpe as head of real assets, and Scott McClurg as head of private credit for its alternatives division, HSBC Alternatives. Sharpe is based in Singapore and McClurg is based in London.

Sharpe will be responsible for the strategic development and management of the real assets proposition which consists of direct real estate teams and listed infrastructure equity teams. She is taking on the role from Joanna Munro, who has been acting head of real assets, in addition to her role as CEO, HSBC Alternatives. Sharpe, who will report to Munro, joined the firm in 2021 as head of and chief investment officer for real estate, Asia-Pacific. She will retain these responsibilities in her expanded role, which she will begin this month.

Prior to HSBC, Sharpe was responsible for building and leading the Asia-Pacific real estate business for DWS. Before DWS, she spent 16 years with the global investment management firm PGIM (formerly Prudential Investment Management), as head of real estate, Asia-Pacific. She also served in senior investment roles at LaSalle Investment Management and Northern Trust.

McClurg will join HSBC AM on 1 October. In this newly-created position, he will be based in London and responsible for the strategic development and management of the private credit business, which encompasses the Direct Lending and Infrastructure Debt propositions. He joined HSBC in 2010 and has held various senior positions across commercial banking. He is head of leverage finance UK, middle market financial sponsors, and was instrumental in the creation of the HSBC Senior UK Direct Lending strategy. 

Last year, HSBC AM said it was bringing together all of its existing alternatives capabilities under a single business unit called HSBC Alternatives, with combined assets under management and advice of $57 billion, as of 30 June 2022. 

The recruitment of the two new managers completes the hires of the HSBC Alternatives senior management team. This includes: Real assets (Sharpe), private credit (McClurg), indirect alternatives (William Benjamin), venture capital (Remi Bourrette), responsible investment (Michelle Hilliman) and alternative solutions (John Dewey).

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