HSBC bounces back in Australia with double custody mandate win
Two new asset servicing wins boost HSBC’s Australian custody and fund administration business as bank turns the page on a drop in assets during H1 2023.
Two new asset servicing wins boost HSBC’s Australian custody and fund administration business as bank turns the page on a drop in assets during H1 2023.
Selection made following due diligence and review process, with parties aiming to complete the transition by the end of 2024.
The repo transaction uses collateral from the largest digital bond issuance globally and the ‘first-ever’ multi-currency digital bond issuance.
Double-digit revenue growth from 2022 bolstered by a 7.3% annual increase in AUC/A.
Incoming hire joins from Accenture, where he worked for over seven years managing the firm’s post-trade processing operations.
Based in Luxembourg, she will report to Gayathri Chandramouli, global head of global distribution and transfer agency operations.
New appointment replaces Enzo Cotroneo, who held the position for over four years.
Issuers using the platform will have access to HSBC’s Markets and Securities Services capabilities.
New programme initially launches with a Northbound channel, offering Hong Kong and international investors access to Mainland China’s interbank interest rate swap markets.