HSBC to sell majority stake in Korean fund services business to Koscom
Bank maintains that its securities services business including custody services will not be affected by the deal.
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.
The new Data Mesh platform consolidates data across 200 of HSBC's securities services systems into one platform and will power new data products and services.
The service is supported by a new Edinburgh-based operation managing its back-office processing function.
HSBC will be its primary service provider for TIH's newly launched Asian active engagement Vastana Fund.
HSBC Securities Services hires former Citi and JP Morgan veteran to lead asset manager and asset owner sales and client managemet.