HSBC Securities Services has been appointed the custodian and fund administrator for Pacific Hawk Global OFC, the first open-ended fund company launched in Hong Kong. The assets of OFCs must be segregated from those of the investment manager and entrusted to a separate, independent custodian for safekeeping. An OFC must appoint a custodian which meets…
Category: HSBC
HSS appoints Tania Mahler as global head of bus dev for PA
HSBC Securities Services has appointed Tania Mahler as global head of business development, private assets. Mahler, who joined HSS in 2018 from BNP Paribas, is based in London and reports to Tony McDonnell, global head of private assets.
U.S. Bank appoints HSBC for Saudi sub-custody
U.S. Bank now offers investors access to the Saudi Arabia market. HSBC Saudi Arabia will act as sub-custodian and Saudi Arabia British Bank as cash correspondent bank. HSBC and SABB will provide U.S. Bank with local custody and cash clearing services for investment services clients investing in Saudi Arabia through the qualified foreign investor (QFI)…
MEAG executes bond trade in China via HSBC
MEAG, the asset manager for Munich RE and ERGO, has become the first German investor to execute a bond trade in the Chinese capital market via Bond Connect. HSBC in Germany enabled settlement of the underlying transaction as well as the related FX. Tradeweb was used as the electronic trading system to execute the transaction…