Based in Singapore, the team will be led by Victoria Sharpe, Managing Principal and Head of Real Estate, Asia-Pacific, who joined HSBC AM on 1 September. Reporting to Joanna Munro, CEO of HSBC Alternatives, Victoria will be responsible for the strategic growth of the firm’s real estate platform across Asia-Pacific.
Victoria brings nearly 40 years’ investment experience in real estate, investing on behalf of institutional investors globally. She joins from DWS, where she was responsible for building and leading its Asia Pacific Real Estate business since 2016. Prior to DWS, she spent 16 years with PGIM, the last 11 years based in Singapore, as Head of Real Estate, Asia Pacific. Victoria also held senior investment roles at, LaSalle Investment Management and Northern Trust Co., in Chicago and New York.
Lionel Low and James Bartlett join as Managing Principals, reporting to Victoria. They have over 40 years of combined experience in the real estate sector and started their new roles on 2 August. Lionel joins from Ascendas Asia Real Estate Fund Management (the regional Investment Manager of CapitaLand), where he held a number of positions since 2013, most recently Executive Director and prior to this, Head of China Funds. James joins from DWS, where he was Real Estate Deputy CIO, Asia Pacific & Head of Real Estate, Australia.
Commenting on the appointment, Joanna Munro said: “The appointment of Victoria and the team is further evidence of our commitment to grow our Alternatives business in Asia and provide locally invested real estate exposure to our global client base. The team’s extensive experience in the real estate industry and exceptional track record made them the ideal candidates to lead and develop our Asian regional capability.”
In Singapore, the team will work closely with and report locally to Patrice Conxicoeur, Singapore CEO and Head of South East Asia, HSBC AM, to grow the real estate proposition. Commenting on the appointment, Patrice Conxicoeur said: “Having this team on the ground will better position us to meet the investment needs of the different client segments that we serve in this region, including Wealth, Insurance and Corporates.”
Victoria Sharpe added: “HSBC AM’s commitment to the growth of its alternatives business and to the Asia Pacific region were key considerations in our decision to join and we are looking forward to bringing a direct real estate capability to clients.”
In June 2021, HSBC AM brought together all of its existing alternatives capabilities under a single business unit, HSBC Alternatives, with a 150-strong team and combined assets under management and advice of USD45 billion1. This is part of its strategy to re-position the business as a core solutions and specialist emerging markets, Asia and alternatives focused asset manager, with client centricity, investment excellence and sustainable investing as key enablers.
Similarly, in the past three years, HSBC Singapore has increased its investment in headcount, technology and its proposition across the business, which has resulted in strong underlying revenue growth for the franchise and for the wider Southeast Asia business. Most recently, HSBC has announced its plan to acquire AXA Singapore. The proposed acquisition, which is subject to regulatory approval, is a key step in achieving HSBC’s ambition of becoming a leading wealth manager in Asia. Having the newly appointed Asia Real Estate team based in Singapore is a testament of HSBC’s ambition to further expand its insurance and wealth franchise in this region.
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1As at 30 June 2021