China is on the brink of dramatic growth and intense investor interest, with HSBC suggesting the country is going to continue to open up its market to complete circulations of the flow in and out of China
As part of the new mandate, HSBC will service CC&L Financial Group’s first Ireland-registered UCITS umbrella fund
Based in Luxembourg, Madsen will report to Tony McDonnell, global head of alternative investments, securities services and Niccolo Polli, CEO, HSBC Luxembourg
Under the transaction, BNY Mellon accessed the client's bonds, which were under custody at HSBC, and reflected the assets in BNY Mellon triparty
HSBC has provided onshore QFII custody services to enable Daiwa AM to set up two new ETFs under the China-Japan ETF Connectivity scheme
Barbra Patow, formerly of HSBC, has joined Plenitude, the financial crime, risk and compliance specialists, as senior advisor
“With our on-the-ground expertise and deep local knowledge, we’re pleased that HSBC was able to structure and support this first-of-its-kind transaction in the Saudi Arabian market," says HSBC's Madhur Bhandari
The new service enables asset owners and managers to focus on their core offering and outsource their back-office operations to HSBC
HSBC has appointed Tony McDonnell as global head of alternative investments, based in Ireland
The mandate will also see HSBC provide services including performance measurement, private equity administration and securities lending
As part of the new framework, CACEIS, BNY Mellon, HSBC, Northern Trust and State Street have been appointed to provide global custody services
HSBC says it is using blockchain to support the custody of future digital asset classes