HSBC has recently been named the securities services provider for several new landmark ETF launches across APAC.
Tag: HSBC Securities Services
The mandate comes as Luxembourg aims to become the gateway for Chinese asset managers to launch locally domiciled funds.
HSBC will provide custody and fund administration services to the CSOP Asset Management's newly-approved ETF in Singapore.
The hire is the latest senior appointment by Intertrust for its Luxembourg fund administration business.
Bank maintains that its securities services business including custody services will not be affected by the deal.
The business will be structured around two newly created divisions, with the aim to broaden its fund administration solutions offering to German clients.
The mandate includes a bundled package across fund administration, depositary and custody on HSBC's growing European ETF servicing platform.
Custodians continue to step into the provision of ESG transparency and insight to meet growing demand from their clients.
HSBC increases investment into new private markets unit as investors look to pick up yield in a low and declining global interest rate environment.