HSBC Asset Management's Global Head of Sustainability to Depart (Connecting the Dots: HSBC, UK, U.N., Soros Fund Management, Alexander Soros, Huma Abedin, Bank of England & Soros Funding, All Networking)
Newsmax.com
Friday,
02 May 2025 04:06 PM EDT
https://www.newsmax.com/finance/streettalk/hsbc-asset-management/2025/05/02/id/1209335/
The top
sustainable finance executive at HSBC's asset management division is leaving
the firm, HSBC said
Friday, the latest in a series of departures from the bank amid a restructuring
under its new chief executive.
The
exit of Erin Leonard, global head of sustainability at HSBC Asset Management,
follows the departure of the bank's former chief sustainability officer, Celine
Herweijer, at the end of last year as the bank reassesses environmental, social
and governance (ESG) policies under CEO Georges Elhedery.
There
has been rising pushback against ESG in the United States - where HSBC has a
mid-sized business focused on international corporates - both before and after
the election of President Donald Trump. As a result, many financial firms have
scaled back their commitment to issues such as tackling climate change.
Leonard
headed HSBC Asset Management's Sustainability Office, which was created in 2021
to manage its sustainable investing efforts and strategy. She also had
oversight of its diversity, equity and inclusion-focused initiatives.
The
responsibilities of that office have now been distributed across other
businesses within the asset management division, a spokesperson for the asset
manager said.
Other
sustainability-related initiatives have been consolidated under the Responsible
Investment team led by Cathrine de Coninck-Lopez, the spokesperson added.
Leonard
was a member of the asset manager's management committee, and it was unclear
whether she had also been removed from that position. HSBC declined to comment.
Elhedery
has shaken up the bank since assuming the top role six months ago by slashing
the ranks of senior managers and reorganizing operating divisions and duplicate
roles.
The
bank is on track to deliver $1.5 billion of annual savings by end-2026,
equivalent to around 8% of total staff costs.
HSBC
raised the ire of campaigners earlier this year by ditching its target of
reaching net-zero emissions across its business by 2030 because of the slow
pace of change in the real economy.
But the
bank told shareholders on Friday it remains committed to its ambition of
becoming a net-zero bank by 2050 and has begun a review of its targets for
emissions linked to its loans, as well as associated policies.
The
bank has also hired new executives, including former UK politician Danny Alexander to head
up a new unit focused on infrastructure finance and project finance linked to
the low-carbon transition.
In
2024, HSBC Asset Management managed $179 billion in ESG and sustainable
investment strategies and remains a signatory of the Net Zero Asset Managers
initiative, a U.N.-backed
group of asset managers working to align investments to net zero.
Connecting
the Dots:
HSBC Holdings plc was a funder for the Bill,
Hillary & Chelsea Clinton Foundation.
Open Society
Foundations was
a funder for the Bill, Hillary & Chelsea Clinton Foundation, the Atlantic
Council of the United States (think tank) and a director at the Human
Rights Watch.
George Soros is the founder & chairman for
the Open Society Foundations, was the chairman for the Foundation
to Promote Open Society and a benefactor for the Human Rights Watch.
Foundation to Promote
Open Society was
a funder for the Human Rights Watch.
John J. Studzinski is a director at the Atlantic
Council of the United States (think tank), a director at the Human
Rights Watch and was a co-head of investment banking for HSBC
Holdings plc.
Jonathan Evans is a director at HSBC
Holdings plc and was a director general for the United Kingdom
Security Service.
Rachel Lomax is a director at HSBC
Holdings plc and was the deputy governor for the Bank of
England.
Janice R. Lomax was a director at HSBC
Holdings plc, and the deputy governor for the Bank of England.
John R.H. Bond was the chairman for HSBC
Holdings plc and a director at the Bank of England.
Bank
of England is
the central bank for the United Kingdom (U.K.).
Rona A. Fairhead is a director at the HSBC
Holdings plc and the chair for the BBC Trust.
Roger Carr is the vice chairman for
the BBC Trust and a director at the Bank of England.
How
Did George Soros Break the Bank of England?
By
Andrew Beattie Updated June 19, 2024
https://www.investopedia.com/ask/answers/08/george-soros-bank-of-england.asp
Bank of England is the central bank for the United
Kingdom (U.K.).
Christopher Patten was the chairman for
the BBC Trust and a co-chair for the International
Crisis Group.
George Soros is a board member for the International
Crisis Group and was the chairman for the Foundation to
Promote Open Society.
Foundation to Promote
Open Society was
a funder for the Brookings Institution (think tank).
James A. Baker III was a fellow at the Brookings
Institution (think tank) and the general counsel for the Federal Bureau of Investigation (FBI).
James B. Comey was a director at the Federal
Bureau of Investigation (FBI) and a director at the HSBC
Holdings plc.
William H. Webster was a director at the Federal
Bureau of Investigation (FBI) and is a director at the Atlantic
Council of the United States (think tank).
Open Society
Foundations was
a funder for the Atlantic Council of the United States (think tank).
George Soros is the founder & chairman for
the Open Society Foundations and the founder of Soros Fund
Management.
Soros Fund Management was a buyer of assets,
post-bankruptcy for MF Global Holdings Ltd.
Martin J. Glynn was a director at the MF
Global Holdings Ltd and the CEO for HSBC Bank USA NA.
MF Global Holdings Ltd. was a Teneo Holdings
LLC client.
Douglas J. Band is the president of the Teneo
Holdings LLC, and was William J. Clinton’s counselor,
and a deputy assistant to the president for the William J. Clinton
administration.
Huma Abedin was a consultant for the Teneo
Holdings LLC, a consultant for the Bill, Hillary & Chelsea
Clinton Foundation, In July 2024, Abedin announced her engagement to Alexander Soros, the second youngest son of George Soros, is the vice chairman for
the 2016 Hillary Rodham Clinton presidential campaign and Hillary
Rodham Clinton’s aide.
MF Global Holdings Ltd. was a Teneo Holdings
LLC client.
Soros Fund Management was a buyer of assets,
post-bankruptcy for MF Global Holdings Ltd.
George Soros is the founder of Soros
Fund Management, the founder & chairman for the Open Society
Foundations and Alexander Soros’s father.
Alexander Soros is George Soros’s son,
a global board member for the Open Society Foundations and In July
2024, announced his engagement to Huma Abedin.
Huma Abedin was In July 2024, Abedin
announced her engagement to Alexander Soros, the second youngest son of George
Soros, a consultant for the Teneo Holdings LLC, a consultant
for the Bill, Hillary & Chelsea Clinton Foundation, is the vice
chairman for the 2016 Hillary Rodham Clinton presidential campaign
and Hillary Rodham Clinton’s aide.
HSBC Holdings plc was a funder for the Bill,
Hillary & Chelsea Clinton Foundation.
Open Society
Foundations was
a funder for the Bill, Hillary & Chelsea Clinton Foundation,
the Atlantic Council of the United States (think tank) and a
director at the Human Rights Watch.
George Soros is the founder & chairman for
the Open Society Foundations, Alexander Soros’s father, was
the chairman for the Foundation to Promote Open Society and a
benefactor for the Human Rights Watch.
Foundation to Promote
Open Society was
a funder for the Human Rights Watch.
John J. Studzinski is a director at the Atlantic
Council of the United States (think tank), a director at the Human
Rights Watch and was a co-head of investment banking for HSBC
Holdings plc.
Rona A. Fairhead is
a director at the HSBC Holdings plc, and the chair for the BBC
Trust.
Roger Carr is the vice chairman for
the BBC Trust, and a director at the Bank of England.
Bank of England is the central bank for
the United Kingdom (U.K.).
Christopher Patten was the chairman for
the BBC Trust, a co-chair for the International Crisis
Group and a member of the House of Lords.
George Soros is a board member for the International
Crisis Group.
Nancy E.
Soderberg was the VP for the International Crisis Group and
an alternate U.S. representative for the United Nations (U.N.).
Mark
Malloch-Brown is a co-chair for the International Crisis Group and
was the deputy secretary-general for the United Nations (U.N.).
Thomas R.
Pickering was a U.S. ambassador for the United Nations (U.N.) and
is a co-chair for the International Crisis Group.
Christopher
Patten was a co-chair for the International Crisis Group, the
chairman for the BBC Trust and a member of the House of
Lords.
House of Lords is a house in the British
Parliament.
Ed Miliband is a member of the British
Parliament, the leader of the British Labor Party, David
Miliband’s brother and was the energy secretary for the United
Kingdom (U.K.).
British Labor Party is an AKP&D
Message and Media client.
David Plouffe was a partner at AKP&D
Message and Media and a senior adviser to the president for the Barack
Obama Administration.
Michael C. Donilon is a partner at AKP&D
Message and Media and a counselor to the VP for the Barack Obama Administration.
David Axelrod is the founder of AKP&D
Message and Media, an adviser for the British Labor Party and
was the senior adviser to the president for the Barack Obama Administration.
James A. Messina was the deputy White House
chief of staff for the Barack Obama Administration and is an
adviser for the Conservative Party (UK).
David Cameron is the leader for the Conservative
Party (UK), the prime minister for the United Kingdom and his
security adviser is William J. Bratton.
William J. Bratton is a security adviser
for David Cameron, a member of the Homeland Security
Advisory Council, the commissioner for the New York City Police
Department, was the Boston (MA) police commissioner, the Boston
Metropolitan Police superintendent and the Los Angeles (CA) Police
Department chief.
Clark Kent Ervin was a member of the Homeland
Security Advisory Council and is a commissioner for the Commission
on Wartime Contracting.
Kenneth Canterbury is a member of the Homeland
Security Advisory Council and the president of the Fraternal Order
of Police.
Michael G. Cherkasky was the court-appointed
monitor for the Los Angeles (CA) Police Department, and is a U.S.
monitor in money-laundering agreement for HSBC Holdings plc.
Rona A. Fairhead is a director at the HSBC
Holdings plc and the chair for the BBC Trust.
Roger Carr is the vice chairman for
the BBC Trust and a director at the Bank of England.
Bank of England is the central bank for
the United Kingdom (U.K.).
How
Did George Soros Break the Bank of England?
By
Andrew Beattie Updated June 19, 2024
https://www.investopedia.com/ask/answers/08/george-soros-bank-of-england.asp
Resources:
Past Research
Bird
Flu Kills 20M Chickens, Drives High Egg Prices (Connecting the Dots: The U.S.
Department of Agriculture (USDA), The FDA, The CDC, GlaxoSmithKline plc (Bird
Flu Vaccine Manufacturer), The CBS News, Barbara Walters, Daisy Soros, The Bank
of England & Soros Funding, All Networking) (Past
Research on HSBC)
Wednesday,
February 12, 2025
https://thesteadydrip.blogspot.com/2025/02/bird-flu-kills-20m-chickens-drives-high.html
Smaller
Bites – Connecting the Dots: George Soros, Alexander Soros, Joe Biden, Randi
Weingarten, Smithsonian Institution & Soros, All Networking (Past Research on Alexander Soros)
Thursday,
April 13, 2023
https://thesteadydrip.blogspot.com/2023/04/smaller-bites-connecting-dots-george.html
Labour
Party (UK) (Past Research on HSBC)
Saturday,
October 31, 2015
https://thesteadydrip.blogspot.com/2015/10/labour-party-uk.html
The
Man Who Broke the Bank of England (Past Research on
the Bank of England & George Soros)
Sunday,
November 6, 2016
https://thesteadydrip.blogspot.com/2016/11/the-man-who-broke-bank-of-england.html
THE
NEW WORLD DISORDER (Connecting the Dots: The United Nations & Soros
Funding, All Networking) (Past Research on the U.N.)
Monday,
June 26, 2023
