Britain’s HSBC (HSBA.L), opens new tab has set up a new unit to tap deals in infrastructure finance and project finance linked to the world’s shift to a lower-carbon economy, and hired a former UK politician to lead it, a senior banking executive told Reuters.
HSBC Infrastructure Finance (HIF) will target “a meaningful share” of both in key markets, and incorporate parts of the bank’s Global Banking Real Asset Finance team, which includes infrastructure finance, export finance and portfolio management, a memo sent to staff by Greg Guyett, HSBC’s CEO of Global Banking & Markets, showed.
Source: REUTER
