Several AMP managers have moved this week with HSBC Asset Management hiring its listed infrastructure equity team and Maple-Brown Abbott hiring away two small-cap managers.
The listed infrastructure team, led by Guiseppe Corona, head of listed infrastructure equity, had worked together for over five years and been managing just under US$2 billion ($2.6 billion) in assets under management. They would report to Joanna Munro, chief executive of HSBC Alternatives, and be split across London and Sydney.
The first fund under HSBC, Global Infrastructure Equity, would invest in a diversified portfolio of listed infrastructure assets across developed and emerging equity markets and would embed environmental, social and governance.
Corona said: “We are excited to join HSBC AM’s growing alternatives investment platform. HSBC AM is strongly aligned with our commitment to delivering excellent investment returns to clients, while promoting sustainable investing.
“Listed infrastructure has seen significant growth over the last decade. We expect this trend to continue, supported by secular tailwinds such as the ongoing digitalisation of the economy and the vital need to transition to a lower carbon environment.”
Meanwhile, Phillip Hudak and Matt Griffin would join Maple-Brown Abbott as co-portfolio managers, Australian Small Companies, at the end of April.
They were previously portfolio managers of the AMP Capital Australian Emerging Companies fund for the past four years. At Maple-Brown Abbott, they would report to chief investment officer, Garth Rossler and a small-cap fund was expected to be launched soon.
Chief executive, Sophia Rahmani, said: “The opportunity to add this sought-after capability through the appointment of two highly experienced investment professionals is ideal for us.
“Our people and our platform allow us to efficiently add and support new investment teams, and we expect to launch an Australian small companies fund soon after Phillip and Matt start.”
AMP said the moves followed the sale of its global equities and fixed income division to Macquarie Asset Management which was completed today and would allow the firm to focus on its infrastructure and real assets.