HKEX has become the first Asian stock exchange to adopt the international central securities depository (ICSD) settlement model in Euroclear Bank.
The partnership highlights a growing trend of Asian asset managers turning to securities lending as an additional source of income.
State Street has made a number of high-profile changes to State Street’s global leadership teams since Ron O'Hanley began his tenure as CEO in January.
New research from industry analytics provider Coalition showed revenues from global securities services providers collectively reached $37.2 billion in 2018.
Respondents to Deutsche Bank’s Alternative Investment Survey believe Asia is the most sought-after investment region for the first time since 2010.
The deal will give China Merchant Bank wider access to international market and supports its growth ambitions.
BNP Paribas has more than tripled its assets under custody over the past five years under the leadership of Philippe Benoit.
Ian Martin will continue his current responsibilities of leading State Street’s global services business in the region.
The appointment rounds off the global restructuring of HSBC's securities services leadership, following the appointment of two new global co-heads for the business.
Margaret Law will be responsible for growing its regional client base and leading the adoption of CLS’s portfolio of products.