The mandate includes a bundled package across fund administration, depositary and custody on HSBC's growing European ETF servicing platform.
The expansion follows several strategic hires, a recent acquisition, and other investments, including the launch of its fund services businesses in the US and APAC markets.
The acquisition will see the addition of CLPSI’s range of back-office administration services, as well as business process management, technology and consultancy services.
Fund assets serviced in Ireland by the global custodians rose by 6.2% to reach nearly $4 trillion at the end of June 2019, according to new research.
Europe's largest asset managers are working towards launching new and transitioning current Irish-domiciled ETFs to an ICSD settlement structure.
A recent report suggests managers face very little time to select an alternative for Irish-issued ETFs that are still settling in a domestic model.
BNY Mellon will provide custody and fund accounting services for Goldman Sachs Asset Management's first European ETF.
The subsidiary will offer independent banking, depositary and custody services to institutional investors and asset managers
Dublin will be R3’s second European office and is set to open in 2020 as part of the vendor’s rapid expansion plans.
Northern Trust’s extends deal with Hermes to cover FX currency management services for its Irish fund range.