HSBC Securities Services (HSS) has been appointed by BlackRock in Singapore as the trustee, custodian, registrar and accounting and valuation agent for their fixed income exchange-traded funds listed on the Singapore Exchange.
The two new products are being added to the existing portfolio serviced by HSS, which includes one other ETF in Singapore and 14 in Hong Kong.
We are delighted to have been selected by BlackRock to provide a full service solution for these two new ETFs in Singapore, says Tony Lewis, head of HSBC Securities Services, Singapore. Partnering with BlackRock to bring their innovative ETF products to the market has highlighted our position as a leading provider of services for ETF issuers in the region. The ETF market in Singapore continues to attract both investor and issuer interest. The two new Fixed Income ETFs join the 82 ETFs already listed in Singapore and provides further evidence of the growing importance of the market as an Asian ETF hub.
(CG)