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.
Category: HSBC
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.
HSS launches blockchain platform for private asset recordkeeping
HSBC Securities Services has launched Digital Vault, a custody blockchain platform to digitise the transaction records of private placements. The platform will enable global custody clients to access details of their private assets, including equity, debt and real estate, directly and in real-time instead of having to request a search of paper-based records. HSS says…
Noor Adhami appointed MENAT head for HSBC Securities Services
HSBC Securities Services has appointed Noor Adhami as head of MENAT, in addition to her current role as head of global liquidity and cash management for MENAT. She will continue to report on a functional basis to Diane Reyes, global head of global liquidity and cash management, and on an entity basis to Gareth Thomas,…
HSS appoints Ciara O’Sullivan as head of trustee & depositary In Ireland
HSBC Securities Services has appointed Ciara O’Sullivan as head of trustee and fiduciary services in Ireland. She joins from Duff & Phelps, where she spent nine years as a director in the regulatory consulting team, and previously worked at Brown Brothers Harriman in several roles, including European compliance officer and head of depositary.
HSS wins two new mandates
Two mandates for HSBC Securities Services: HSS has been appointed as custodian and administrator for International Asset Management’s UCITS and AIF ICAV multi manager platforms, domiciled in Ireland. As part of the mandate, HSS will provide custody, trustee, transfer agent, fund administration and other related banking services. Kommunalbanken, a local government funding agency wholly owned…
HSS appoints Adnan Hussain as global head of agency lending
HSBC Securities Services has hired Adnan Hussain as global head of agency lending. He is based in London and reports to Seb Danloy, global head of asset managers & owners. Hussain joins from BNP Paribas, where he was global head of agency securities lending and head of market and financing services for the UK. The…