HSBC Cements Property Team into Multi-Manager Arm

Chris Owen

3 August 2007

HSBC Investments has transferred a team of property fund selection experts to work in its multi-manager arm. The move is in line with its strategy of expanding its global multi-asset class multi-manager investment capability. The real estate multi-manager team will consist of seven property specialists headed by Guy Morrell, who will report to global chief investment officer Joanna Munro. It has been transferred internally from HSBC Group’s dedicated property and infrastructure investment specialist arm, HSBC Specialist Investments. Based in the UK, the team will research funds that invest in both physical property and listed property securities throughout the world. The team will also provide the capability to offer specialist property mandates and funds of funds. HSBC said there are plans in place for additional team members to be based in New York and Hong Kong in the near future. Ms Munro said: “With the continued evolution of real estate as an asset class, and increasing demand for property fund selection expertise, the addition of a dedicated team of property experts supports our strategy to build upon our powerful global multi-asset class multi-manager capability.” HSBC Investments’ multi-manager team has $29.5 billion assets under management and a further $30 billion of assets under advice and monitoring.