The portal is underpinned by API technology, which the bank has been rolling out across its wider securities services business.
In response to a recent feature in Global Custodian’s Spring Issue highlighting why talent is leaving custodian banks at an alarming pace, entrepreneur and accomplished start-up founder Paul Staples, now with HSBC, tells his tale of returning to securities services after a fruitful journey in the tech world.
Mixed fortunes for European custodians with a combination of double-digit revenue growth and some large declines during the first quarter.
Proxymity is now backed by a consortium of global custodians, custody banks and issuer agents including BNY Mellon, Clearstream, Deutsche Bank, HSBC, JP Morgan, and State Street.
The partnership will mark the first end-to-end digitisation effort focusing on the Asian bond markets.
The former global head of prime finance at HSBC has joined London-based alternatives manager Privium as COO.
The US CFTC also fined NatWest Markets, PNC Bank and Northern Trust for reporting and risk management regulation failures.
The first T+3 trade occurs on China Interbank Bond Market (CIBM) after ‘important step’ to extend settlement cycle.
Securities lending veteran joins forces with GC Legend at consulting firm.