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.
BNP Paribas has made a number of senior appointments to its Asia-Pacific securities services team in recent months.
New research from State Street shows 78% of institutional investors are optimistic about their own growth prospects in the Middle East.
Kingdom Trust secures insurance for digital assets from Lloyd’s of London held on custody platform.
The French bank has made a number of senior recruitments with a focus on sales for UK and Middle East-based asset and alternative investment managers.
Brand will also work alongside the heads of Luxembourg and Ireland, as the US bank looks to evolve its European strategy.
Northern Trust is currently providing accounting services for select clients that have a small portion of their assets in cryptocurrencies.