Global bank HSBC has sought to bolster its ESG credentials in the Asian investment market with the addition of a green infrastructure team.
The bank’s Hong Kong-based asset management arm, HSBC Asset Management (HSBC AM), has struck an agreement with another Hong Kong-based firm, Green Transition Partners (GTP), which will see some of the latter’s employees and assets transferred to HSBC GAM.
GTP is a specialist asset manager which invests in mid-market companies in Asia’s renewables sector.
“This partnership will help us connect local developers to global investors with similar sustainability goals,” said Paul Rhodes, managing partner at Green Transition Partners.
The move comes just weeks after HSBC AM launched a real assets fund in Hong Kong aimed at retail investors.
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