• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
PublishDashboard
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlertsPublish with Us
    Company
    AboutQuantisnow PlusContactJobsAI employees
    Legal
    Terms of usePrivacy policyCookie policy

    HSBC Asset Management Appoints Pete Scott to Lead Venture Debt Offering

    11/25/24 8:00:00 AM ET
    $HSBC
    Savings Institutions
    Finance
    Get the next $HSBC alert in real time by email
    • Pete Scott appointed Head of Innovation Credit to develop venture debt proposition
    • HSBC AM taps into HSBC Innovation Banking's origination platform in venture debt to launch new strategy

     

    HSBC Asset Management (HSBC AM) has appointed Pete Scott as Head of Innovation Credit as the business extends its alternatives credit capabilities through the development of its venture debt strategy.

    This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241125883255/en/

    HSBC Asset Management (HSBC AM) appointed Pete Scott as Head of Innovation Credit. (Photo: Business Wire)

    HSBC Asset Management (HSBC AM) appointed Pete Scott as Head of Innovation Credit. (Photo: Business Wire)

    The new capability is being developed in partnership with HSBC Innovation Banking, which has become one of the most active providers of venture debt across the markets it serves. The asset selection will be managed by HSBC AM, working in partnership with HSBC Innovation Banking in a similar arrangement to previous direct lending strategies by HSBC AM.

    HSBC AM's venture debt strategy will invest in a portfolio of senior secured loans to growth and late-stage VC-backed tech and life science companies; leveraging HSBC Innovation Banking's presence in the UK, US and Europe, as well as other innovation hubs that the bank serves.

    Pete Scott has been appointed to the newly created role of Head of Innovation Credit to lead the strategy. Bringing over 30 years' experience in the industry, Pete will be based in San Francisco and is responsible for building HSBC AM's venture debt team and bringing a product to market designed to scale up fast-growing businesses that are venture capital backed.

    Scott McClurg, Head of Private Credit at HSBC AM, said: "We are delighted to welcome Pete to the team as we extend our alternatives credit product suite with the launch of our new venture debt strategy.

    "His experience working with start-ups across the US, and globally, will prove invaluable as we provide our clients access to the expanding venture debt market and another stream of proprietorial HSBC originated credit transactions."

    David Sabow, HSBC U.S. Head of Innovation Banking, added: "We have been elated with the market reception and growth of HSBC Innovation Banking. Establishing this venture debt capability with Asset Management expands the breadth of flexible solutions we have to meet the financing needs of our innovation clients globally."

    The venture debt strategy will form part of HSBC AM's ambition to grow its alternatives capabilities, which include private markets, private credit, hedge funds, real assets, venture capital and flexible capital solutions. With a team of 340 dedicated alternatives staff including over 130 investment professionals, HSBC Alternatives has combined assets under management and advice of USD76.1bn as of 30 September 2024.

    HSBC Asset Management

    HSBC Asset Management should be referred to either in full or as HSBC AM to avoid confusion with any other financial services firms.

    HSBC Asset Management, the investment management business of the HSBC Group, invests on behalf of HSBC's worldwide customer base of retail and private clients, intermediaries, corporates and institutions through both segregated accounts and pooled funds. HSBC Asset Management connects HSBC's clients with investment opportunities around the world through an international network of offices in 22 countries and territories, delivering global capabilities with local market insight. As at 30 September 2024, HSBC Asset Management managed assets totalling US$765bn on behalf of its clients.

    For more information see http://www.global.assetmanagement.hsbc.com/

    HSBC Asset Management is the brand name for the asset management businesses of HSBC Holdings plc.

    The HSBC Group

    HSBC Holdings plc

    HSBC Holdings plc, the parent company of HSBC, is headquartered in London. HSBC serves customers worldwide from offices in 60 countries and territories. With assets of US$3,099bn at 30 September 2024, HSBC is one of the world's largest banking and financial services organisations.

    HSBC Bank USA, National Association (HSBC Bank USA, N.A.) serves customers through Wealth and Personal Banking, Commercial Banking, Private Banking, Global Banking, and Markets and Securities Services. HSBC Innovation Banking is a business division with services provided in the United States by HSBC Bank USA, N.A. Deposit products are offered by HSBC Bank USA, N.A., Member FDIC. It operates Wealth Centers in: California; Washington, D.C.; Florida; New Jersey; New York; Virginia; and Washington. HSBC Bank USA, N.A. is the principal subsidiary of HSBC USA Inc., a wholly-owned subsidiary of HSBC North America Holdings Inc.

    For more information, visit: HSBC in the USA

    View source version on businesswire.com: https://www.businesswire.com/news/home/20241125883255/en/

    Get the next $HSBC alert in real time by email

    Chat with this insight

    Save time and jump to the most important pieces.

    Q&A

    New
    • Who has been appointed as Head of Innovation Credit at HSBC AM?

      Pete Scott has been appointed to lead the development of HSBC Asset Management's venture debt strategy, drawing on over 30 years of industry experience.

    • What is the new venture debt strategy being developed by HSBC Asset Management?

      HSBC Asset Management is leveraging HSBC Innovation Banking's platform to provide venture debt, which involves investing in senior secured loans primarily to growth and late-stage VC-backed tech and life science companies.

    • What is Pete Scott's main responsibility in his new role?

      Pete Scott will be responsible for building HSBC AM's venture debt team and bringing a product to market aimed at scaling fast-growing venture capital backed businesses.

    • What opportunities does the new venture debt strategy provide for HSBC AM's clients?

      HSBC AM's venture debt strategy is designed to exploit opportunities in the expanding venture debt market, offering clients access to another stream of proprietary credit transactions.

    • What is the current status of HSBC Asset Management in terms of assets and future ambitions?

      As of 30 September 2024, HSBC Asset Management had combined assets under management and advice totaling USD 76.1 billion and aims to grow its alternatives capabilities which include various investment avenues.

    Recent Analyst Ratings for
    $HSBC

    DatePrice TargetRatingAnalyst
    6/3/2025$63.00Buy → Neutral
    BofA Securities
    3/4/2025Equal Weight → Overweight
    Barclays
    2/3/2025Buy → Hold
    Deutsche Bank
    3/27/2024Overweight → Equal Weight
    Barclays
    1/16/2024Neutral → Underperform
    Exane BNP Paribas
    11/22/2023Outperform → Sector Perform
    RBC Capital Mkts
    10/17/2023Hold → Sell
    Societe Generale
    9/12/2023Neutral → Buy
    Goldman
    More analyst ratings

    $HSBC
    Leadership Updates

    Live Leadership Updates

    See more
    • HSBC appoints Lisa McGeough as President and CEO for the United States

      The appointment marks the first female CEO in the region in over a decade and only the second in its 150-year history HSBC announced that Lisa McGeough has officially been appointed President and Chief Executive Officer for the United States, effective January 1, 2025. In this role, Lisa will lead the next phase of growth for the United States, overseeing all businesses in the region. She will also drive the expansion of the newly integrated wholesale business, Corporate and Institutional Banking, in North America. Lisa will be based in New York City. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250106576142/en/(Photo: Busin

      1/6/25 8:00:00 AM ET
      $HSBC
      Savings Institutions
      Finance
    • HSBC Asset Management Appoints Pete Scott to Lead Venture Debt Offering

      Pete Scott appointed Head of Innovation Credit to develop venture debt proposition HSBC AM taps into HSBC Innovation Banking's origination platform in venture debt to launch new strategy   HSBC Asset Management (HSBC AM) has appointed Pete Scott as Head of Innovation Credit as the business extends its alternatives credit capabilities through the development of its venture debt strategy. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241125883255/en/HSBC Asset Management (HSBC AM) appointed Pete Scott as Head of Innovation Credit. (Photo: Business Wire) The new capability is being developed in partnership with HSBC Innov

      11/25/24 8:00:00 AM ET
      $HSBC
      Savings Institutions
      Finance
    • HSBC Appoints Danielle Johnson as Global Head of Institutional Client Group

      HSBC today announced that Danielle Johnson has been appointed Global Head of Institutional Client Group (ICG) within the Global Banking and Markets business. In this role, she will be responsible for strengthening the coverage of institutional clients, particularly Western headquartered clients, who conduct business globally. Johnson's appointment is effective as of June 3. Based in New York City, Johnson will report to Lisa McGeough and Gerry Keefe, Co-Heads of Global Banking Coverage. "Danielle's impressive experience in banking will be pivotal as we focus on the highest-potential client partnerships to deepen our institutional relationships and increase market share," said McGeough.

      6/20/24 9:00:00 AM ET
      $HSBC
      Savings Institutions
      Finance

    $HSBC
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

    See more
    • Amendment: SEC Form SC 13G/A filed by HSBC Holdings plc.

      SC 13G/A - HSBC HOLDINGS PLC (0001089113) (Filed by)

      9/3/24 5:38:30 PM ET
      $HSBC
      Savings Institutions
      Finance
    • SEC Form SC 13G/A filed by HSBC Holdings plc. (Amendment)

      SC 13G/A - HSBC HOLDINGS PLC (0001089113) (Filed by)

      2/9/24 4:18:48 PM ET
      $HSBC
      Savings Institutions
      Finance
    • SEC Form SC 13G/A filed by HSBC Holdings plc. (Amendment)

      SC 13G/A - HSBC HOLDINGS PLC (0001089113) (Filed by)

      2/9/24 4:17:34 PM ET
      $HSBC
      Savings Institutions
      Finance

    $HSBC
    Press Releases

    Fastest customizable press release news feed in the world

    See more
    • HSBC Experts Share Strategies for Managing Art as an Alternative Asset Class

      HSBC Private Banking Hosts "Artfully Investing: An Art Market Update and Private Planning Discussion" at the renowned Berry Campbell Gallery HSBC Private Banking's Women's Committee welcomed an exclusive group of clients and industry leaders for Artfully Investing, a discussion exploring the intersection of art, wealth planning, and legacy building. Hosted in the vibrant setting of Berry Campbell Gallery in Chelsea, Manhattan, the event brought together a distinguished panel of experts to discuss the evolving art market, collection strategy, and critical planning issues for sophisticated collectors. This press release features multimedia. View the full release here: https://www.businessw

      6/23/25 12:45:00 PM ET
      $HSBC
      Savings Institutions
      Finance
    • Trade Tensions Reshaping U.S. Corporate Strategy, HSBC Survey Finds

      Businesses report above average cost hikes are causing a pivot toward domestic operations in the short term but 93% remain confident in global trade growth U.S. companies remain optimistic about future international expansion despite facing cost pressures, disrupted supply chains and ongoing uncertainty more acutely when compared to global peers, according to HSBC's inaugural Trade Pulse survey. Despite current headwinds, American businesses remain optimistic about long term international growth and most are increasing reliance on the U.S. market in the immediate term. The survey captured responses from over 5,700 internationally active companies across 13 global markets, including 1,00

      5/28/25 7:45:00 AM ET
      $HSBC
      Savings Institutions
      Finance
    • HSBC Launches TradePay for Import Duties Solution for US Clients

      HSBC today announced the launch of HSBC TradePay for Import Duties, a targeted financing solution for US clients which simplifies the payment of import duties while optimizing working capital for businesses. Many corporates are currently facing changing working capital needs and increased upfront commitments. By settling payments of import duties directly and frictionlessly through HSBC TradePay, businesses can simultaneously access credit and complete payments, leading to more efficient settlement times and better visibility over cash flows. The solution is flexible and ensures import duty payments are made directly by HSBC, either through pre-agreed credit terms with brokers or direct A

      5/7/25 8:00:00 AM ET
      $HSBC
      Savings Institutions
      Finance

    $HSBC
    SEC Filings

    See more
    • SEC Form 6-K filed by HSBC Holdings plc.

      6-K - HSBC HOLDINGS PLC (0001089113) (Filer)

      7/3/25 12:40:33 PM ET
      $HSBC
      Savings Institutions
      Finance
    • SEC Form 6-K filed by HSBC Holdings plc.

      6-K - HSBC HOLDINGS PLC (0001089113) (Filer)

      7/2/25 1:09:24 PM ET
      $HSBC
      Savings Institutions
      Finance
    • SEC Form 6-K filed by HSBC Holdings plc.

      6-K - HSBC HOLDINGS PLC (0001089113) (Filer)

      7/2/25 12:39:00 PM ET
      $HSBC
      Savings Institutions
      Finance

    $HSBC
    Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

    See more
    • HSBC Holdings downgraded by BofA Securities with a new price target

      BofA Securities downgraded HSBC Holdings from Buy to Neutral and set a new price target of $63.00

      6/3/25 7:27:01 AM ET
      $HSBC
      Savings Institutions
      Finance
    • HSBC Holdings upgraded by Barclays

      Barclays upgraded HSBC Holdings from Equal Weight to Overweight

      3/4/25 7:29:30 AM ET
      $HSBC
      Savings Institutions
      Finance
    • HSBC Holdings downgraded by Deutsche Bank

      Deutsche Bank downgraded HSBC Holdings from Buy to Hold

      2/3/25 8:31:11 AM ET
      $HSBC
      Savings Institutions
      Finance