The two investment schemes are a major part of China’s strategy to open its capital markets to global investors.
Tag: HSBC Securities Services
The new role will involve being responsible for helping drive China sales growth from Americas buy-side clients.
A number of bank-owned fund administration business are looking to capitalise on the rapid growth in private markets.
The new programme represents the first time foreign investors can access China A-Shares, via depository receipts, outside of the Greater China region.
Steven Caluwaerts joins from Citi where he was most recently European head of transfer agency product.
Giovanni Fenocchi will take on the role in the second quarter of this year and join the HSS global executive committee.
Revenues for HSBC Securities Services grew 11% to nearly $2 billion over the year, in which it was boosted by its global custody business.
HSS's innovation function involved exploring new partnerships with FinTechs and researching the use of new technologies.
HSS provides a new look to its global management team following the appointment of its two new global head's in September.
ETF Connect, expected to launch last year, had struggled to overcome a number of technical issues concerning differences in trading and settlement mechanisms.