Vergent selects HSBC for global custody services
HSBC has been appointed to provide administration, global custody and equities execution services to Vergent Asset Management LLP (Vergent), a London-based investor in frontier equity markets.
Vergent was launched by Ali Al Nasser and Nemer Bechara, as managing partners, in conjunction with Connor, Clark & Lunn Financial Group Ltd (CC&L Financial Group), an independent Canadian asset manager.
According to HSBC, Vergent and CC&L Financial Group will be able to leverage HSBC’s expertise in administering differentiated funds.
HSBC’s global sub-custody and trading footprint also bring direct access to many of the frontier and new emerging markets in which Vergent will invest.