HSBC appointed as sole global custodian and depositary in the UK by AXA Investment Managers
The appointment follows a spree of global custody mandates won by HSBC in the UK.
The appointment follows a spree of global custody mandates won by HSBC in the UK.
With a lendable asset base of more than €250 billion, AXA IM is the second European beneficial owner to join the GPFA.
As part of the five-year partnership, BNP Paribas will continue to provide AXA with global custody, depositary bank, and transfer agency across Europe.