Since Saudi Arabia opened its doors for foreign investors in 2015, HSBC has emerged as the largest custodian in the country.
HSBC's Karczewski believes custodians could play a part in the front-end decision-making process for clients.
HSBC chief executive John Flint says that following a period of restructuring the bank must get back into growth mode.
Industry veteran and GC Legend who had spent almost 25 years at HSBC dies in cycling accident.
Custody banks are seeing the value in collaborating with new service providers and FinTechs over data solutions.
HSBC will act as the custodian and fund administrator to one of the first UCITS funds to invest in China's Bond Connect scheme.
Riccardo Millich joins HSBC to lead its local sales strategy and supporting business growth with all countries and asset classes in scope of UCITS and AIFMD.