Perennial Partners, an Australian manager, has appointed HSBC as custodian and fund and ETF administrator. Asset transition has been completed, with HSBC now providing services for all Perennial funds across 25 markets.
Category: HSBC
HSBC executes first HK digital bond repo
HSBC has executed a Hong Kong dollar repo transaction with The Bank of East Asia, Limited (BEA), which used Hong Kong government digitally native green bonds as collateral for financing purposes. This is understood to be the first repo in Hong Kong involving digital bonds. Using HSBC Orion as the digital assets platform, HSBC helped…
Sharman leaves CACEIS
Pat Sharman has left CACEIS. Sharman, who spent almost 30 years at HSBC, was most recently country head for the UK, having joined CACEIS after its acquisition of KAS BANK.
SimCorp expands in Australia
SimCorp, the fintech owned by Deutsche Börse Group, has appointed Enzo Cotroneo as country manager for Australia. He joins from HSBC, and has also worked at Citi and J.P. Morgan. SimCorp and Challenger, the Australian investment management firm, established Artega Investment Administration in 2022. Artega offers front, middle, and back office solutions tailored for investment…
Mahler joins BBH
Tania Mahler has joined BBH as head of business development for Europe, based in London. Mahler was previously at HSBC in the private assets business, and has also worked at BNP Paribas.
Northern hires global head of collateral
Northern Trust has appointed Barney Binder as global head of collateral. Based in London, he reports to Nadia Ivanova, head of business services for the asset servicing business. Binder joins from HSBC, and has also worked at Morgan Stanley.
HSBC wins CSOP ETF mandate
HSBC has been appointed by CSOP Asset Management, the Chinese asset manager, as service provider for the CSOP Saudi Arabia ETF, Asia’s first ETF tracking the performance of Saudi Arabian equities.
BNPP to integrate HSBC’s hedge fund admin business
BNP Paribas’ securities services business has signed an exclusive agreement to integrate HSBC’s hedge fund administration business. The agreement covers HSBC’s hedge fund administration business, to be transferred to BNP Paribas’ entities in several markets, including Hong Kong SAR, Singapore, Ireland, and Luxembourg. The transfer of services from HSBC to BNP Paribas will be offered…
HSBC goes live with Broadridge
HSBC is the latest client to go live on the recently launched sponsored repo solution built on Broadridge’s DLT-enabled distributed ledger repo (DLR) platform. Through DLT and smart contracts, clients can anticipate substantial improvements in settlement costs, streamlined processes, enhanced scalability, and a marked decrease in operational risks. HSBC is the second client to go…
Danloy joins BNP Paribas
BNP Paribas has appointed Sébastien Danloy as global head of sales & relationship management for institutional investors, a newly created role. Based in London, he becomes a permanent member of the securities services management board, reporting to Alvaro Camuñas, head of client development for securities services. Danloy was most recently global head of investor services,…