New appointments will be responsible for developing business, stewarding client engagement, and building on State Street’s market network in Europe.
In just over a year, the team has grown by over 70% to cater to the expanding client base within RBS International Depositary Services.
HSBC plans to further develop its product strategy and operating model for the fast-growing private assets market in Luxembourg.
The former State Street and Maitland veteran will be responsible for connecting investment managers with its newly launched Luxembourg alternatives funds services business.
The asset manager will use SS&C's transfer agency and investor services platform for its 23,000 accounts in Luxembourg.
Two trade unions said staff were notified by RBC I&TS CEO confirming plans of a new wave of layoffs for the Luxembourg site.
The establishment of the new business will enable U.S. Bank to provide fund services to AIFs in two of the main cross-border fund hubs.
The appointment of Northern Trust will support Kieger Group’s focus on expanding its range of sustainable funds aligned with ESG criteria.
The mandate comes as Luxembourg aims to become the gateway for Chinese asset managers to launch locally domiciled funds.