Giovanni Fenocchi will take on the role in the second quarter of this year and join the HSS global executive committee.
Tag: HSBC Securities Services
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.
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.