Schroders’ Group Chief Executive Richard Oldfield in Hong Kong for first overseas visit
Welcomes new renewable infrastructure capability to support city’s development as centre of excellence
Schroders’ Group Chief Executive Richard Oldfield is in Hong Kong for his first overseas visit since assuming the role on 8 November 2024 and today was among the many guests from the international financial community at this year’s Global Financial Leaders’ Investment Summit organised by the Hong Kong Monetary Authority.
The theme of the main summit, “Sailing through Changes”, covers the depth of change in the global macroeconomic environment, geopolitics, technological innovation and climate change.
On the topic of climate, Richard is pleased to announce the creation of the Schroders Capital Infrastructure Asia group built around a nucleus of some of the most experienced renewable energy investors in Asia. This represents the latest expansion for the Schroders Greencoat platform, the largest buy-and-hold renewables specialist globally^. The majority of the Schroders Infrastructure Asia team are based in Hong Kong.
Schroders Capital Infrastructure Asia will be responsible for scaling up the firm’s renewable infrastructure investment capabilities and assets in Mainland China, which is among the leading renewable energy markets globally. Via this unit, Schroders is excited to serve corporates seeking returns and environmental outcomes. The team’s location in Hong Kong will facilitate the engagement between international and local corporates, and renewable energy opportunities in Asia.
Richard Oldfield, Group Chief Executive, Schroders, commented:
“We are constantly looking for new ways to ensure we can continue delivering exceptional service and value to our clients. As part of this commitment, we are actively expanding our private market offerings in Asia Pacific as we see significant opportunities to deliver benefits to clients from this asset class. Already a highly regarded international financial centre and a ‘super connector’ to Mainland China, Hong Kong is well-positioned to develop further as a centre of excellence for green infrastructure and climate-related investments. As a global asset manager, Schroders, along with the Schroders Capital Infrastructure Asia group, are well-equipped and eager to contribute to this cause.”
Gopi Mirchandani, Hong Kong CEO; and Head of Strategy, Asia Pacific, Schroders, said:“We believe this is an important asset class that aligns nicely with the needs of our long-term asset investors given the stable and long-term cash flows from renewable infrastructure assets. Renewable energy assets additionally are expected to provide measurable and direct decarbonisation benefits to the economy and companies targeting net zero or lower carbon footprints. As China is set to deploy 50% of net additional global renewables in the global economy, our ambition as a responsible investor based in Hong Kong is to develop the solutions for investors and corporates to benefit directly from this growth.“
^ Source: Infrastructure Investor Ranking 2023.
Important Information
The contents of this document may not be reproduced or distributed in any manner without prior permission.
This document is intended to be for information purposes only and it is not intended as promotional material in any respect nor is it to be construed as any solicitation and offering to buy or sell any investment products. The views and opinions contained herein are those of the author(s), and do not necessarily represent views expressed or reflected in other Schroders communications, strategies or funds. The material is not intended to provide, and should not be relied on for investment advice or recommendation. Any security(ies) mentioned above is for illustrative purpose only, not a recommendation to invest or divest. Opinions stated are valid as of the date of this document and are subject to change without notice. Information herein and information from third party are believed to be reliable, but Schroder Investment Management (Hong Kong) Limited does not warrant its completeness or accuracy.
Investment involves risks. Past performance and any forecasts are not necessarily a guide to future or likely performance. You should remember that the value of investments can go down as well as up and is not guaranteed. You may not get back the full amount invested. Derivatives carry a high degree of risk. Exchange rate changes may cause the value of the overseas investments to rise or fall. If investment returns are not denominated in HKD/USD, US/HK dollar-based investors are exposed to exchange rate fluctuations. Please refer to the relevant offering document including the risk factors for further details.
This material has not been reviewed by the SFC. Issued by Schroder Investment Management (Hong Kong) Limited.