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.
RBC I&TS has struck a number of custody deals for Canadian alternative investment managers in recent months.
Deal announced in June 2018 halts after joint decision not to move forward.
Cypriot financial services firm selects French bank for fund services and custody.
BNP Paribas has more than tripled its assets under custody over the past five years under the leadership of Philippe Benoit.
The consolidation of the US assets, representing $39 billion, with Citi as its single provider successfully went live in December last year.
BNY Mellon attributed the fall in revenue to “lower client assets and activity and the unfavourable impact of a stronger US dollar.”
Nordea sought to partner with a custody and fund administration provider that operates both in the Nordic market and in Luxembourg.
Ian Martin will continue his current responsibilities of leading State Street’s global services business in the region.