HSBC AM presented new private credit heads and established new real assets, for overseeing the expansion and development of the firm.
Victoria Sharpe and Scott McClurg have been named as the new heads of real assets and private credit, respectively, for HSBC Asset Management’s alternatives subsidiary, HSBC Alternatives.
Joanna Munro, who also serves as the CEO of HSBC Alternatives, will be replaced by Sharpe as head of real assets. She will be in charge of the Listed Infrastructure Equity teams as well as the Direct Real Estate teams.
Sharpe joined HSBC AM last year and will remain in this position going forward as head and CIO of real estate, Asia-Pacific. She will start in her new position this month and report to Munro from Singapore.
Sharpe was part of DWS’ Asia Pacific real estate business before joining HSBC. Prior to that, she spent 16 years working as the head of Asia Pacific real estate at PGIM. Additionally, she had senior investment positions at Northern Trust and LaSalle Investment Management.
McClurg will take over management of the company’s private credit division, which comprises the Direct Lending and Infrastructure Debt propositions, on October 1 in a newly established position.
Having held a number of top positions in commercial banking, McClurg joined HSBC AM in 2010. He is now the director of medium market financial sponsors’ UK leverage finance division. He oversaw energy and sustainability before that.
The alternative teams of HSBC AM were to be combined into a single business unit dubbed HSBC Alternatives, the bank announced last year. The company said that with the hiring of Sharpe and McClure, the recruiting of its senior management team was finished.
Vickie is ideally positioned to oversee the expansion and development of our real assets business as we look to expand our present products and deliver new solutions with an emphasis on sustainable investments, according to Munro.
“Scott has a wealth of experience with mid-market firms and sustainability, which will enable us to further strengthen our private credit capability to offer sustainable investment options and products to our clients,” says the company.
