HSBC Securities Services wins new custody mandate
HSBC Securities Services in London has been appointed as sole global custody provider across the entire asset range for Admiral Group.
Admiral Group is a financial services company headquartered in Cardiff, Wales.
This news comes just over a week after HSBC was named trustee of the first Iron Ore Futures exchange-traded fund in Hong Kong.
In March, HSBC announced that it is set to combine its global markets and securities services (excluding issuer services) divisions, which is due to be complete in May.
Issuer services will remain a private side activity and become part of capital markets to align with other issuer client activities.
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