HSBC Global Asset Management bolsters impact investing with new senior hire
HSBC Global Asset Management has appointed Michael Ridley as senior responsible investment specialist. Ridley will report to Melissa McDonald, head of responsible investment.
In this new role, Ridley will be responsible for further building and driving the firm’s sustainable impact proposition. This will include developing an impact investing capability within the overall responsible investment strategy. As part of this, he will contribute to the development of sustainable investment criteria and market standards for sustainable infrastructure.
Ridley will also lead the engagement with partners in the Organisation for Economic Co-operation and Development (OECD) and development finance institutions in establishing the Principles for Sustainable Infrastructure as an asset class.
Ridley brings over 20 years’ experience with him to the role and holds a PhD in Environmental Economics from University College London. Most recently, he was Global head of ESG fixed income research for HSBC’s Global Banking and Markets business. Prior to this, he held various roles at German development agency GIZ, Mizuho International, Amias Berman, The Carbon Trust and Citigroup.
Commenting on the appointment, McDonald says: “Responsible and impact investing are becoming increasingly important to our clients and are at the forefront of our strategies. Michael’s previous experience at HSBC Global Banking and Markets makes him the right choice to support us in growing our expertise in this important area.”