U.S. Bank has appointed Citi and HSBC as sub-custodians for its Asia-Pacific network. The initial markets included in this move are Hong Kong, India, South Korea and Taiwan. U.S. Bank is using Citi for India, whilst HSBC will be sub-custodian for Hong Kong, South Korea and Taiwan. Additional Asia-Pacific markets will be added in the…
Category: HSBC
HSBC supports EIB DLT bond issuance
HSBC has supported the launch of the European Investment Bank’s first bond under the Eurosystem’s exploratory work on new technologies for wholesale central bank money settlement. The EUR100m EIB bond was issued on the HSBC Orion digital assets platform in euros, under Luxembourg law, and settled using wholesale central bank digital currency on the Banque…
Euroclear takes stake in Marketnode
Euroclear has taken a stake in Marketnode, the Singapore-based digital market infrastructure operator. Founded by SGX Group and Temasek in 2021, Marketnode serves as Asia-Pacific’s DLT-powered financial market infrastructure. HSBC invested in Marketnode in May 2024. By joining forces with Marketnode and its existing shareholders, Euroclear aims to participate in the setup of a key…
Atkinson emerges at Euroclear
Neil Atkinson has joined Euroclear as a global client executive, based in London. He was previously at HSBC.
HSBC promotes Fenocchi
HSBC has appointed Giovanni Fenocchi as global head of sales for the securities services business. He has had a long career with HSBC spanning client coverage, operations and risk, issuer services and, most recently, as head of asset owners & managers sales for securities services across Europe, MENA and the U.S. He replaces Alexis Meissner,…
FINBOURNE raises funds
FINBOURNE Technology, a fintech specialising in data management for the investment sector, has completed a secondary funding round. This follows a Series B funding round of GBP55m (USD72m) in June 2024 and brings the total to over GBP100m (USD131m). It allows for six investors to follow-on from their original investment and four additional investors to…
ZILO hires COO
A major coup for ZILO, the UK-based fintech focused on TA and the client experience, which has appointed Jon Willis as COO. With 30 years of extensive industry experience across finance and technology sectors, he will report to CEO, Phil Goffin. He joins from HSBC Securities Services, where he was most recently global head of…
HSBC veterans launch SpireBay
Two veterans of the fund services industry have co-founded SpireBay, an independent advisory firm based in Dublin. Ronnie Griffin and Paul Ellis previously worked together at HSBC with responsibilities for key parts of its securities services business globally, from Dublin and London. SpireBay aims to provide outcome-focused leadership and consultancy that combines decades of industry…
Atkinson joins Euroclear
Neil Atkinson has left HSBC to join Euroclear. He spent more than five years at HSBC, most recently as global head, platform solutions, banks and broker dealers, for the securities services business.
Danloy heading to Euroclear
Although it has not been officially announced, credible sources say that Sébastien Danloy is joining Euroclear as chief business officer, replacing Valérie Urbain, who was appointed CEO earlier this year. After leaving HSBC, Danloy joined BNP Paribas in 2023 as global head of sales & relationship management for institutional investors, a newly created role. He…