HSBC has been appointed by Connor, Clark & Lunn Financial Group Ltd, one of Canada’s largest independent asset management firms, to provide fund administration, transfer agency, custody and depositary services to its first Ireland-registered UCITS umbrella fund. The initial sub-funds include the CC&L Q Emerging Markets Equity UCITS Fund and the CC&L Q Global Equity…
Category: HSBC
Michael Madsen joins HSBC to head global PA product
HSBC has appointed Michael Madsen as global head of product for private assets for its securities services business. In this new role, Madsen will focus on development of the private assets product strategy and operating model. He will be based in Luxembourg, reporting to Tony McDonnell, global head of alternative investments, securities services, and Niccolo…
HSBC facilitates launch of two new China-Japan ETFs for Daiwa AM
HSBC has facilitated the listing of two new cross-border ETFs under the China-Japan ETF Connectivity scheme. This allows international investors to indirectly invest in Chinese assets through feeder ETFs listed on the Tokyo Stock Exchange. HSBC provided onshore QFII custody services to enable Daiwa Asset Management Co. Ltd to set up two new ETFs under…
HSBC completes first sec lending trade in Saudi Arabia
HSBC has completed the first securities lending transaction in Saudi Arabia. HSBC acted as custodian and agent lender on the transaction for a large regional asset owner, enabling HSBC, in its role of prime broker, to borrow Saudi Arabian equities from the asset owner and provide access to the country’s equities market for a global…
HSBC launches fund admin services in Thailand
HSBC has launched fund administration services in Thailand. This comes after Thailand’s Securities Exchange and Commission relaxed outsourcing rules to improve the efficiency of local fund managers’ operations. Under this model, clients can use HSBC’s fund administration services in addition to custody and fund supervisory services currently offered. The service will be offered through Multifonds,…
HSBC promotes Tony McDonnell to head alts investments
HSBC Securities Services has appointed Tony McDonnell as global head of alternative investments. For the last seven years, McDonnell has been the country head for securities services in Ireland and, since 2019, has had the additional responsibility of establishing private assets as a product across securities services. He will now focus solely on development of…
Duncan Cooper joins BNY Mellon to head EMEA digital solutions
Duncan Cooper has joined BNY Mellon as EMEA head of global digital solutions, based in the UK. He joins from HSBC, where he was head of data products strategy for securities services.
HSBC launches FX HEAT to analyse FX hedging effectiveness
HSBC has launched FX HEAT, a tool for asset managers and institutional investors to independently analyse the effectiveness of their currency hedging strategies. Users can access independent reports on an automated basis to enhance the governance and oversight of their FX hedging. HSBC’s FX services team worked in collaboration with an independent quantitative specialist to…
HSBC wins Cadent Gas Pension Scheme custody mandate
HSBC in the UK has extended its long-term partnership with the National Grid UK Pension Scheme and has also been appointed by Cadent Gas Pension Scheme for the provision of a range of back-office services, including global custody and fund accounting, performance measurement, private equity administration and securities lending.
HSBC moves Corda to Google Cloud
In what is believed to be an industry first, HSBC has moved Corda Enterprise, the blockchain platform developed by R3, on to Google Cloud. The move aims to cut client onboarding times from months to weeks, improving the client experience and significantly reducing costs. Moving the Corda technology to Google Cloud gives the bank the…