HSBC Asset Management is making two senior appointments to its new alternatives business unit.
The firm is appointing Victoria Sharpe as head of real assets and Scott McClurg as head of private credit for its alternatives division, HSBC Alternatives.
The appointments follow the bringing together of HSBC AM’s alternatives capabilities under a single business unit, HSBC Alternatives, in June 2021. The division has a 220-strong team and combined assets under management and advice of $57 billion as of 30 June 2022.
Sharpe will be responsible for the strategic development and management of the real assets proposition, which currently consists of direct real estate teams and listed infrastructure equity teams.
She will assume the role from Joanna Munro, who has been acting head of real assets, in addition to her role as CEO of HSBC Alternatives.
Sharpe joined in 2021 as head of & CIO real estate, Asia-Pacific and will retain these responsibilities in her expanded role, which she will begin this month, based in Singapore and reporting to Munro.
Prior to HSBC, she was responsible for building and leading the Asia Pacific Real Estate business for DWS. Prior, she spent 16 years at PGIM as head of real estate, Asia Pacific.
Munro said: “Vickie is well placed to lead the growth and development of our real assets business as we seek to scale our current offerings and provide additional solutions, with a focus on sustainable investments.”
Scott McClurg will join HSBC AM on 1 October, filling the 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 the asset manager’s commercial banking division. He is currently head of leverage finance UK, middle market financial sponsors. Before this, he was head of energy & sustainability, where he led the sustainable finance strategy and drove sustainable infrastructure investment across diverse sectors.
Munro added: “Scott brings extensive experience with mid-market companies and sustainability, which will allow us to further develop our private credit capability to deliver sustainable investment solutions and products to our clients.”
London-headquartered HSBC Asset Management has $640 billion in AUM.
