HSBC AM appoints head of real assets and head of private credit

HSBC AM appoints head of real assets and head of private credit
HSBC Asset Management has appointed Victoria Sharpe as Head of Real Assets.

HSBC Asset Management (HSBC AM) has appointed Victoria Sharpe as Head of Real Assets, and Scott McClurg as Head of Private Credit for its alternatives division, HSBC Alternatives.

Victoria Sharpe will be responsible for the strategic development and management of the real assets proposition which today 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, HSBC Alternatives.

She 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 into Munro.

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. Victoria also held senior investment roles at LaSalle Investment Management and Northern Trust.

Commenting on the appointment, Joanna 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. 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.

McClurg joined HSBC in 2010 and has held various senior positions across Commercial Banking. He is currently Head of Leverage Finance UK, Middle Market Financial Sponsors, and was instrumental in the creation of the HSBC Senior UK Direct Lending strategy. Prior to this, he was Head of Energy & Sustainability, where he led the sustainable finance strategy (across UK and internationally) and drove sustainable infrastructure investment across diverse sectors.

Joanna 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.” 

Last year, HSBC AM announced that it was bringing together all of its existing alternatives capabilities under a single business unit called HSBC Alternatives, with a c.220-strong team and combined assets under management and advice of USD57 billion, as of 30 June 2022.

Victoria and Scott’s roles completes the recruitment of the HSBC Alternatives senior management team. This includes: Real Assets (Victoria Sharpe), Private Credit (Scott McClurg), Indirect Alternatives (William Benjamin), Venture Capital (Remi Bourrette), Responsible Investment (Michelle Hilliman) and Alternative Solutions (John Dewey).