Exclusive-HSBC Asset Management's global head of sustainability to depart

Quick Summary:

LONDON :The top sustainable finance executive at HSBC's asset management division is leaving the firm, HSBC said on Friday, the latest in a series of departures from the bank amid a restructuring under its new chief executive.

There has been rising pushback against ESG in the United States - where HSBC has a mid-sized business focused on international corporates - both before and after the election of President Donald Trump.

The bank has also hired new executives, including former UK politician Danny Alexander to head up a new unit focused on infrastructure finance and project finance linked to the low-carbon transition.

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Category: EconomyBusiness

Markets: SingaporeMexicoUnited States

Topics: Bank Sustainability Been Hsbc Sustainable Management Managers Finance Leonard Asset Chief

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-03 @ 04:02:49 (1 days ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 524 words

Reading Time: 3 minutes read

Sentences: 21 lines

Sentence Length: 25 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 28324872

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