HSBC Asset Management has announced the appointment of a new climate technology team.
The team will develop a venture capital investment strategy providing clients with opportunities to invest globally in technology startups who are addressing the challenges of climate change. HSBC AM says the strategy will focus on companies across the energy, transportation, insurance, agriculture and supply chain sectors. The first fund is planned to be launched before the end of the year with an intended cornerstone investment from HSBC.
The new team includes Christophe Defert who joins as Head of Climate Technology Venture Investments and Michael D’Aurizio who joins as Investment Director, Climate Technology. The team will report into Remi Bourrette, Head of Venture and Growth Investments.