ETF Connect, expected to launch last year, had struggled to overcome a number of technical issues concerning differences in trading and settlement mechanisms.
Tag: HSBC Securities Services
The segment covers its insurer, asset manager, pension fund, central bank and sovereign and wealth fund clients and has been outlined a strategic focus.
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.
HSBC will divide global leadership responsibilities for its securities services business.
HSBC's former head of Americas securities services has relocated to London to focus on its banks and broker-dealer clients.
HSBC Securities Services has emerged as one of the most-used sub-custodians for Asian and Middle East frontier markets.
HSBC was one of the first custodians to win contracts under the LGPS Framework for Global Custody Services in 2014.
HSBC has made a number of moves over the past couple of months to boost its global sales coverage.
The bundled service includes fund administration, depositary and custody services to the new ETF platform.