HSBC Securities Services has been appointed by Lynx Asset Management, the $6 billion Commodity Trader Advisor (CTA), to provide administration and global transfer agency services to its two Swedish onshore vehicles.
The onshore vehicles, which run approximately $1 billion in assets, will be serviced by HSBC Securities Services Ireland (HSSI). It will be the first time that HSSI will service such Swedish onshore funds. “This is a strategically important win for our Irish business and expands our product coverage,” said Tony McDonnell, head of HSBC Securities Services in Ireland.
Marcus Andersson, Partner and COO for Lynx Asset Management AB, said: “Lynx Asset Management AB, have chosen to introduce an independent third party valuation of our Sweden-based fund vehicles as of October 2015. When evaluating different service providers, it was a natural step for us to continue and deepen our long-standing professional relationship with HSBC.”
HSBC Securities Service to provide administration to Lynx Asset Management
HSBC Securities Services has been appointed by Lynx Asset Management, the $6 billion Commodity Trader Advisor (CTA), to provide administration and global transfer agency services to its two Swedish onshore vehicles.