Admin Re appoints HSBC Securities Services
10 March 2015 Edinburgh
Image: Shutterstock
Admin Re has appointed HSBC Securities Services to provide global custody and investment accounting services.
Part of HSBC’s global banking and markets business, HSBC Securities Services will service about £16 billion in policyholder assets under management in the UK.
Admin Re is a closed-book consolidator of life and pensions policies. A large part of the HSBC team for Admin Re will be based in Scotland.
Carl Andrews, head of HSBC Securities Services in Scotland, said: “We are delighted to have been appointed by Admin Re and look forward to building a fulfilling and successful partnership.”
Mike Woodcock, global financial controller for Admin Re, added: “We expect HSBC to help Admin Re provide even better service to our customers to meet their evolving needs.”
Part of HSBC’s global banking and markets business, HSBC Securities Services will service about £16 billion in policyholder assets under management in the UK.
Admin Re is a closed-book consolidator of life and pensions policies. A large part of the HSBC team for Admin Re will be based in Scotland.
Carl Andrews, head of HSBC Securities Services in Scotland, said: “We are delighted to have been appointed by Admin Re and look forward to building a fulfilling and successful partnership.”
Mike Woodcock, global financial controller for Admin Re, added: “We expect HSBC to help Admin Re provide even better service to our customers to meet their evolving needs.”
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