HSBC Asset Management announced today an investment in US-based ESG and D&I consulting firm Radiant ESG, acquiring a minority stake in the firm. With the backing of HSBC AM, the firm is launching as RadiantESG Global Investors, a female-owned, independent asset management firm focused on next generation ESG investment opportunities for institutional and wealth management clients globally.

Radiant ESG was founded last year by Heidi Ridley and Kathryn McDonald, aiming to combine next-generation ESG data analysis, research and portfolio management with majority ownership by women and minorities.

RadiantESG intends to offer a range of investment strategies, with two planned launches this year, anchored on its proprietary Positive Change model which captures ESG Leaders, ESG Evolvers and UNSDG-aligned companies.

Nicolas Moreau, CEO at HSBC Asset Management, said:

“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.”

Ridley and McDonald, 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.”    

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