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The appointment is the latest in a string of moves for HSBC Securities Services as it increases its focus on the banks and broker-dealer segment.

The custodian will also provide depositary, clearing and foreign exchange solutions for Pacific Asset Management's UCITS funds.

The newly created role will involve leading Deutsche Bank's securities services strategy in the region, covering mainland China, Hong Kong and Taiwan.

Baillie Gifford has chosen software specialist corfinancial to help automate its post-trade processing and settlement.

The introduction of Japanese funds onto the FX settlement service follows a multi-year effort to onboard the Japanese buy-side community to CLSSettlement.

Revenues for HSBC Securities Services grew 11% to nearly $2 billion over the year, in which it was boosted by its global custody business.

State Street has highlighted its upcoming execution priorities, the formation of a new pricing committee, and how it will expand its asset servicing business.

Citi has recently gained a number of licenses from Chinese financial regulators that have enabled it to do business for foreign investors in the country.

Revenues for the technology giant more than doubled and reached nearly $3.5 billion for the end of 2018.

The platform, called Matrix, will aim to centralise and process all of the data captured by underlying custody, fund administration and transfer agency platforms.