The Admiral Group, a UK-based insurance company, has appointed HSBC Securities Services as sole global custody provider for all assets.
Category: HSBC
HSS appointed as trustee for first iron ore futures ETF in HK
HSBC has been appointed trustee and designated margin depository bank for the SSIF DCE Iron Ore Futures Exchange Traded Fund, the first iron ore futures ETF in Hong Kong. It is launched by Shanxi Securities International Asset Management Limited, a wholly owned subsidiary of Shanxi Securities International Financial Holdings Limited, one of the first securities…
Steve Mccullough joins HSS to head APAC bus dev
HSBC Securities Services has hired Steve Mccullough to head business development for asset owners & managers in Asia Pacific. Based in Hong Kong, he reports to Sébastien Danloy, global head of asset owners & managers. Mccullough was previously at Citi.
HSBC to merge markets and securities services
HSBC has become the latest universal bank to merge its markets and securities services businesses. After a period of due diligence, HSS will be combined with global markets to form a new unit, Markets and Securities Services. Allegra Berman and Richard Godfrey, co-heads of HSS, will report to Georges Elhedery, co-head of global banking and…
HSS upgrades m/o services to support Asian growth
HSBC Securities Services has enhanced its global middle office infrastructure and services to support asset manager middle office mandates, especially in Asia where it reports significant growth. The improvements cover trade management and settlement control services, as well as introducing a significantly enhanced investment book of record (IBOR) reporting capability. This is driven by a…
HSS appointed as global custodian for China’s Tianhong AM
HSBC Securities Services has been appointed as global custodian for the qualified domestic institutional investor (QDII) fund launched by Tianhong Asset Management Company, one of the largest asset management companies in China. The QDII fund is China’s first dedicated mutual fund providing access for Chinese domestic investors to the Vietnamese capital market.
HSBC settles first interest swap trade in China by foreign institutional investor
HSBC in China has facilitated the first interest rate swap trade by an overseas institutional investor through the central counterparty clearing model in the China interbank market. This new channel allows HSBC’s international clients to tap into the world’s second largest bond market while also adding to their risk mitigation capabilities. HSBC acted as the…
HSS hires Frederic Van Ingelgom for bus dev role in Lux
HSBC Securities Services has hired Frederic Van Ingelgom as head of business development & client management for asset owners & managers in Luxembourg. He will report to Paul Heffernan, head of business development & client management, asset manager sector, HSS Europe, and Niccolo Polli, chief executive officer, HSBC Luxembourg. He joins from BBH where he…
HSS partners with AcadiaSoft for IMS
HSBC Securities Services will partner with AcadiaSoft to deliver a full end-to-end independent Initial Margin Service for its clients who are preparing for Phase 5 and Phase 6 regulatory initial margin. This functionality will enable HSS to calculate initial margin in compliance with the ISDA standard initial margin model (SIMM) independent of the clients’ counterparty.…
Niccolo Polli to head HSBC Securities Services in Luxembourg
HSBC Securities Services has appointed Niccolo Polli as head its Luxembourg business. Polli will continue in his current role as head of Luxembourg for HSBC. He replaces Nick Maton, who is understood to be leaving the bank.