HSBC, BNY Mellon, and Goldman Sachs reach €1bn in securities lending on HQLAX platform
The banking trio has surpassed the €1 billion milestone for the collateral management industry utilising HQLAX’s distributed ledger technology (DLT) platform.
Tag: HSBC
Custody
HSBC bounces back in Australia with double custody mandate win
Two new asset servicing wins boost HSBC’s Australian custody and fund administration business as bank turns the page on a drop in assets during H1 2023.
Custody
JP Morgan selects HSBC and Standard Chartered as sub-custodians for Hong Kong and Taiwan
Selection made following due diligence and review process, with parties aiming to complete the transition by the end of 2024.
HSBC and BEA carry out first repo trade in Hong Kong using digital bonds
The repo transaction uses collateral from the largest digital bond issuance globally and the ‘first-ever’ multi-currency digital bond issuance.
HSBC posts third successive year of securities services revenue growth
Double-digit revenue growth from 2022 bolstered by a 7.3% annual increase in AUC/A.
Former JP Morgan and BNY Mellon VP joins HSBC as head of asset servicing operations, India
Incoming hire joins from Accenture, where he worked for over seven years managing the firm’s post-trade processing operations.
HSBC hires U.S. Bank executive as new head of global distribution for Luxembourg
Based in Luxembourg, she will report to Gayathri Chandramouli, global head of global distribution and transfer agency operations.
A perfect fit: The story behind BNP Paribas’ acquisition of HSBC’s hedge fund administration business
Due to be completed over the course of 2024, the integration marks a continuation of BNP Paribas’ expansion strategy, and raises questions about the level of investment required to stay competitive in the marketplace.
HSBC appoints new head of securities services, Australia and New Zealand
New appointment replaces Enzo Cotroneo, who held the position for over four years.
HSBC unveils new digital ETF servicing platform
Issuers using the platform will have access to HSBC’s Markets and Securities Services capabilities.