A women-owned investment firm
HSBC Asset Management today announces that it is taking a
minority stake in Radiant ESG, a US-based, ESG and diversity and
inclusion (D&I) focused consulting firm co-founded by Heidi
Ridley and Kathryn McDonald, former CEO and Head of Sustainable
Investing at Rosenberg Equities, respectively.
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With HSBC Asset Management’s backing, Radiant ESG will become
RadiantESG Global Investors, a female-owned, independent asset
management firm focused on next generation ESG investment
opportunities for institutional and wealth management clients
worldwide.
The RadiantESG team has deep expertise in equity investing and
ESG data analysis, research and insight. Heidi and Kathryn have
over 50 years’ combined experience and each spent two decades at
Rosenberg Equities, which they led to become the first fully
ESG-integrated quant firm in 2017.
RadiantESG Global Investors intends to launch the next phase of
their growth later this year with two investment strategies
anchored on its proprietary ‘Positive Change’ concept of ESG which
captures ESG Leaders, ESG Evolvers and UNSDG-aligned companies. The
strategies will aim to address shifts in demographics and growing
demand for more sustainable investment solutions.
The newly formed firm intends to grow its team over the course
of the year and will seek an additional strategic partner to assist
with infrastructure and distribution in the US and key markets.
Nicolas Moreau, CEO at HSBC Asset Management
commented: “The essence of true global leadership is to change the
status quo and this partnership is a perfect example of a direct
social impact investment, demonstrating our commitment to
furthering diversity in the asset management industry. When
investing is combined with a team built upon diversity, inclusion
and entrepreneurism, truly great outcomes are possible for our
clients.
“RadiantESG has a powerful value proposition, credibility in the
marketplace and a solid foundation for delivering strong risk
adjusted returns. We’re compelled by the unique approach Heidi and
Kathryn have developed and are excited to have the opportunity to
support the launch of a female-owned asset management firm with a
deep commitment to ESG and a successful track record of delivering
sustainable investment strategies.”
Heidi Ridley, Co-founder and CEO, and Kathryn McDonald,
Co-founder and Head of Sustainability and Investments, Radiant
ESG, added: “We are delighted to have the backing of an
organisation with the caliber and reputation of HSBC Asset
Management, who has consistently demonstrated the characteristics
we believe are paramount to a strong cultural foundation, an
innovative mindset and a client-first focus.
“We are deeply committed to positive progress on ESG issues,
D&I, and playing a strong advocacy role within the industry on
these topics. We believe in the power of inclusive culture within
the asset management industry. These shared values form a strong
foundation for the cultural and philosophical alignment between
HSBC Asset Management and RadiantESG. We are also united in our
effort to lead positive change within the asset management
industry.”
In 2020, HSBC Asset Management set out its strategy to shape the
market for sustainable investing through leadership in policy and
industry engagement, company engagement and by embedding ESG across
its investment approach. HSBC Asset Management is supporting the
transition overall and in climate critical sectors; creating
innovative investment solutions to meet client investment and
sustainability goals.
This announcement follows last year’s launch of HSBC Pollination
Climate Asset Management, a joint venture between HSBC Asset
Management and Pollination, a climate change advisory and
investment firm, to create the world’s largest dedicated natural
capital asset management company. Earlier this year, HSBC Asset
Management also announced the final closing of the HSBC Real
Economy Green Investment Opportunity (REGIO) Global Emerging Market
Bond Fund, boosting access to climate finance and helping further
develop the market for green bonds.
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Note to investors:
This press release is for information only and does not
constitute investment advice, a solicitation or a recommendation to
buy, sell or subscribe to any investment. It is not intended to
provide and should not be relied upon for accounting, legal or tax
advice.
This document is not intended for distribution to or use by any
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The views expressed were held at the time of preparation and are
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HSBC Asset Management
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 clients to investment opportunities
around the world through an international network of offices in 25
countries and territories, delivering global capabilities with
local market insight. As of 31 March 2021, HSBC Asset Management
managed assets totaling US$621bn on behalf of its clients. For more
information, see www.assetmanagement.hsbc.com/uk.
HSBC Asset Management is the brand name for the asset management
business of HSBC Group, which includes the investment activities
provided through HSBC Global Asset Management (USA) Inc.
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 64
countries and territories in its geographical regions: Europe,
Asia, North America, Latin America, and Middle East and North
Africa. With assets of $2,959bn as of 31 March 2021, HSBC is one of
the world’s largest banking and financial services
organisations.
About RadiantESG
United in the belief that ESG considerations and D&I have
positive economic implications, and the power to drive innovation
and change in societies around the world, industry veterans Heidi
Ridley and Kathryn McDonald co-founded RadiantESG Global Investors,
a women-led, diverse-owned investment firm focused on
next-generation ESG investment solutions for institutional and
wealth management clients globally.
The co-founders have a combined 50+ years of experience in asset
management, with two decades spent in a variety of research and
investment, product development, client relationship management and
business development, and operational and executive roles at
Rosenberg Equities, a pioneer in quantitative investing. The
investment, data and technology professionals expected to make up
the team at RadiantESG Global Investors have strong pedigrees and a
unique diversity profile.
RadiantESG’s investment solutions will be based on its
proprietary ‘Positive Change’ concept of ESG which captures ESG
Leaders, ESG Evolvers and UNSDG-aligned companies. The strategies
will aim to address shifts in demographics and growing demand for
more sustainable investment solutions.
The firm will maintain majority ownership, independence and
autonomy in executing on its ambition to pave the way toward a
brighter future, embracing ESG considerations as a necessity in
building sustainable investment portfolios; at the same time,
carving a path for women and minorities for generations to
come.
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Media enquiries to:
HSBC Asset Management Mat Barling +44(0) 738 479 4295
mathew.barling@hsbc.com
HSBC USA Rob Sherman +1 646 93 6998
robert.a.sherman@us.hsbc.com
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