HSBC Asset Management (HSBC AM) has set up a new unit, the Capital Solutions Group, to bolster its alternatives business. HBSC created its alternatives business, HSBC Alternatives, in July 2021. The group will build on its offering to high-net-worth individuals and institutional investors with the new Group, which will raise funds and provide offerings in private and sustainable assets.
HSBC Asset Management (HSBC AM) has set up the Capital Solutions Group (CSG) to bolster its alternatives business. The addition to its alternatives offering is due to the firm repositioning itself as a core solutions provider in the space.
CSG will create solutions for issuers and investors by leveraging HSBC AM’s existing investment capacities in the areas of venture capital, indirect alternatives, private credit, and real assets.
Borja Azpilicuet will head the Capital Solutions Group, moving over from acting as head of HSBC Global Banking’s Private Capital Group.