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.
Category: HSBC
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,…
HSBC to launch digital assets custody service
HSBC plans to launch a new digital assets custody service for institutional clients who invest in tokenised securities. Once live in 2024, HSBC’s new service will complement HSBC Orion, the bank’s platform for issuing digital assets, as well as HSBC’s recently launched offering for tokenised physical gold. The new service does not cover cryptocurrencies or…
HSBC tokenises gold
HSBC has processed the first trades tokenising the ownership of physical gold held in HSBC’s UK vault, using DLT. HSBC has developed this capability by creating a digital twin of an existing physical asset – specifically physical gold held in HSBC’s vault. Tokenised physical gold can be traded between HSBC and institutional investors through the…
Citco hires global ops head
Carl Andrews has been appointed global head of operations for Citco, the specialist alternatives administrator. Andrews, who is based in the UK, previously spent over 13 years at HSBC, most recently as head of Europe and the Americas for the securities services business.
HSBC loses more senior managers
Further exits from HSBC’s securities services business, following the senior management changes implemented earlier this year. After Ronnie Griffin – widely regarded as one of the best trust and depositary managers in Europe – left earlier this year, it is understood that CP Yap, who was appointed head of fund services at the end of…
HSBC launches ETF platform
HSBC has launched ETF Platform Solutions, its new end-to-end platform providing asset servicing solutions to ETF issuers globally. Under a single offering, ETF issuers will have access to HSBC’s markets & securities services capabilities, such as: ETF order management, PCF production, and custom ETF NAV attribution analysis; AP services including ETF seeding and HSBC’s ETF…