The appointment is the latest in a string of moves for HSBC Securities Services as it increases its focus on the banks and broker-dealer segment.
Tag: Standard Chartered
The newly created role will involve leading Deutsche Bank's securities services strategy in the region, covering mainland China, Hong Kong and Taiwan.
Absa to re-enter South African custody services after five years, as Soc Gen sells business and closes securities lending offering in the country.
HSBC believes custodians and securities services firms will align closer with FinTechs as the speed of technological change increases.
A handful of banks are certainly exploring the potential of quantum computing and analysing possible, viable use cases for the technology.
Standard Chartered’s global head of securities services believes the custodian has seen a need to begin exploring its own digital asset offerings.
It is now more than likely that the London-Shanghai Stock Connect trading scheme will be up and running, with a go-live date pencilled in for December.
Regulators grant Standard Chartered domestic fund custody license to provide services to investment products offered by domestic funds and asset managers in China.
BNY Mellon's former country executive for China, Robert Kung, who will be retiring following a five year stint with the global custody bank.