HSBC Securities Services will now offer sub-custody and clearing services to cross-border institutional investors in Germany.
The bank has integrated its domestic custody business in Germany - HSBC Trinkaus - into its global sub-custody and clearing network.
“The highly experienced team in Germany is looking forward to sharing our local market knowledge and insights with cross-border institutional investors and to help them enhance performance,” said Dr. Christiane Lindenschmidt, head of HSBC Securities Services in Germany.
HSBC sub-custody and clearing network now expands to cover 40 markets across Asia Pacific, the Middle East and North Africa, Europe and Latin America.
Colin Brooks, global head of sub-custody and clearing, added: “HSBC Trinkaus holds a strong position in the local securities clearing market and it is a natural next step to extend provision of these services to our cross-border global custodian and broker-dealer clients.”