The latest offerings in investments, such as funds and structured products, and other notable developments.

HSBC Asset Management
HSBC Asset Management has launched a new venture capital investment strategy aimed at investing in companies which participate in the transformation of financial services.

The strategy will typically participate in Series A and B funding, providing clients with exposure to B2B companies in Asia and Europe which offer software or financial services to enterprises or institutions.

It is aimed at institutional asset allocators, family offices, private banks and ultra-high net worth individuals, and will be run by Remi Bourrette, head of venture and growth investments and director Kara Byun, who joined HSBC AM in April 2020.

“The strategy will give clients access to “high growth sectors in parts of the world where economies are expanding fast such as the Greater Bay Area in China,” CEO HSBC Alternatives Joanna Munro said.

HSBC AM announced last month that it was bringing all of its existing alternatives capabilities under one business unit, HSBC Alternatives which will manage combined assets of $53 billion.

The bank has made known its asset management repositioning to focus on emerging markets, Asia and alternatives. As part of the expansion in direct alternatives, the asset management business recently hired Christophe Defert and Michael D’Aurizio to create a climatech venture capital team.