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Another RQFII win for HSBC


09 November 2015 Luxembourg
Reporter: Stephanie Palmer

HSBC has been appointed as custodian for the first Luxembourg-based renminbi qualified foreign institutional investor (RQFII), the Industrial and Commercial Bank of China (ICBC)...
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NSD's assets under custody jump 28 percent


29 October 2015 Moscow
Reporter: Stephanie Palmer

National Settlement Depository, Russia’s CSD, has seen a 28 percent increase in assets under custody, while the number of securities issued and the value of registered payments both also increased...
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Clearstream and Euroclear pick BNY Mellon


13 October 2014 Hong Kong
Reporter: Mark Dugdale

International central securities depositaries Clearstream and Euroclear Bank have appointed BNY Mellon to provide them with sub-depository services in the Asia Pacific...
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Ashmore makes HSBC custodian in Saudi Arabia


06 October 2015 Riyadh
Reporter: Mark Dugdale

Ashmore Group has mandated HSBC Saudi Arabia as its local custodian, as it bids to become one of the first asset managers to be approved to invest in Saudi Arabia’s stock market, the Tadawul...
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Standard Bank: Pension fund admin shifting to banks


28 September 2015 Johannesburg
Reporter: Stephanie Palmer

An increasing demand for lower costs and more effective administration is leading pension funds to look towards banks for administration functions, according to Charl Bruyns...
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State Street gets currency swaps mandate


25 September 2015 Toronto
Reporter: Drew Nicol

State Street has been named as the collateral manager and custodian for the Department of Finance Canada’s currency swap programme...
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Clearstream grows its assets pool


10 September 2015 Luxembourg
Reporter: Drew Nicol

Post-trade services provider Clearstream enjoyed an 8 percent increase to its overall assets under custody held on behalf of customers, which rose to 13.2 trillion from 12.2 trillion in August 2014...
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Saudi Arabia mandate for Northern Trust


07 September 2015 Riyadh
Reporter: Stephanie Palmer

Northern Trust has been selected to provide global custody, fund valuation and accounting services to Muscat Capital, the Saudi Arabia-based investment banking arm of Bank Muscat...
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Ethical Australian mandate for Northern Trust


10 August 2015 Melbourne
Reporter: Stephanie Palmer

Northern Trust has been selected to provide global custody services for UCA Funds Management, an Australian fund manager dedicated to ethical investment...
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Irish Stock Connect custody win for HSBC


06 August 2015 Dublin
Reporter: Stephanie Palmer

HSBC has been appointed custodian for an Irish UCITS fund that has been approved to invest in China A-Shares through the Shanghai-Hong Kong Stock Connect programme...