HSBC launches AO service in Thailand 12 September 2011Bangkok Reporter: Anna Reitman
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HSBC Securities Services (HSS) has announced the launch of its Account Operator service in Thailand. Local and cross-border broker dealers can now outsource their securities back-office operations to
HSS.
This means that HSS will act on behalf of broker dealer clients in the clearing and settlement of trades executed on the Thailand Stock Exchange while clients will continue to handle all front office related activities such as research, trading and investor servicing.
“The launch of our Account Operator service in Thailand demonstrates our commitment to further broaden our service offering to broker dealer clients and reinforces our determination to become the broker outsourcing provider of choice in Asia,” said Colin Brooks, global head of Sub-Custody and Clearing, HSBC Securities Services.
HSS currently provides broker outsourcing services in Australia, Greece, Hong Kong, India, Mexico,
Singapore, the United Arab Emirates and the United Kingdom
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