HSBC lines up Swedish Lynx funds 08 October 2015 Reporter: Mark Dugdale
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Lynx Asset Management a $1 billion mandate to HSBC Securities Services.
HSBC will provide administration and global transfer agency services to two Swedish onshore fund vehicles, which have approximately $1 billion in assets under management.
These additional funds will be serviced by HSBC Securities Services Ireland, which has had a client relationship with Lynx since 2004.
It will be the first time that HSBC Securities Services Ireland will service such Swedish onshore funds.
Tony McDonnell, head of HSBC Securities Services in Ireland, commented: “We are delighted that Lynx has chosen HSBC to service these funds in addition to the existing business we hold with them. It also further demonstrates our capabilities and developmental flexibility within global transfer agency and accounting and valuations. We look forward to continuing our long partnership with Lynx.”
“As well as being a reflection on our excellent relationship with Lynx to date, this is a strategically important win for our Irish business and expands our product coverage.”
Marcus Andersson, partner and COO for Lynx Asset Management, added: “We, Lynx Asset Management AB, have chosen to introduce an independent third-party valuation of our Sweden-based fund vehicles as of October 2015. When evaluating different service providers, it was a natural step for us to continue and deepen our long-standing professional relationship with HSBC.”
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