HSBC secures custody mandates for two UK pension schemes
HSBC has signed securities services partnerships with the National Grid UK Pension Scheme and the Cadent Gas Pension Scheme.
HSBC has signed securities services partnerships with the National Grid UK Pension Scheme and the Cadent Gas Pension Scheme.
Deutsche Bank’s sub-custody business dealt a huge setback as its biggest client severs ties, casting a shadow over the German securities services provider’s future.
HSBC's reappointment followed a detailed independent benchmarking and due diligence exercise of the pension scheme’s global custody arrangements.
The launch of the tool comes as regulators are preparing to increase scrutiny on asset managers to oversee their third-party providers.
Citi, HSBC and Standard Chartered all successful facilitate margin financing and securities borrowing transactions in China for global investors under the Qualified Foreign Institutional Investors (QFII) scheme.
Custodians have been expanding their Ireland footprint and are bolstering services with a focus on private markets and alternatives assets.
The fund invested is the first private fixed income fund launched by Barings Investment Management (Shanghai).
HSBC's 31-year veteran and former head of securities services in Singapore will transition to a new role within the bank.
HSBC's COO of asset managers and owners, securities services, will take on added responsibilities as the acting head of global custody product.