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Laxman Pai, Opalesque Asia:

HSBC Asset Management has rolled out a new unit - the Capital Solutions Group (CSG) led by Borja Azpilicueta - within HSBC Alternatives, the company's alternatives business, to expand its service and offering for wealthy clients and institutional customers.

The CSG will raise funds and create bespoke offerings in private and sustainable assets delivering flexible capital solutions for both institutional and wealth clients of HSBC Asset Management, a statement revealed.

The CSG will become a new horizontal within HSBC Alternatives, collaborating with the existing investment capabilities of indirect alternatives, private credit, venture capital, and real assets, to develop and scale solutions for both issuer and investor clients, the firm added.

Borja, who will move to HSBC AM later this year, will report to HSBC Alternatives CEO Joanna Munro. He will also be part of the HSBC Alternatives Management Committee. Before his appointment to lead the CSG, Borja was global head of HSBC Global Banking's private capital group.

Joanna Munro, CEO, of HSBC Alternatives said: "The creation of CSG demonstrates the strength and collaboration across HSBC's business lines to serve our global clients by connecting borrowers and investors."

According to reports, the move was part of the company's strategy to reposition the business as a core solutions provider and specialist in Asia, emerging markets, and alternatives asset manager.

HSBC Alternati......................

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