As the second annual Leaders in Custody Asia awards draw near on 9 May, Global Custodian delves into the nominees for the Asset Servicing Partnership of the Year category – featuring BNY Mellon partnering with HKMA, DBS Bank collaborating with Euroclear, Deutsche Bank and CIMB, and a tie-up between Digital Asset and HKEX.
New programme initially launches with a Northbound channel, offering Hong Kong and international investors access to Mainland China’s interbank interest rate swap markets.
Custodian snaps up capital markets expert with 25 years of experience in client management, strategy and product solutions at the likes of SWIFT and Standard Chartered.
New appointments continue in ISSA’s mission to have a diverse board from across the securities services space.
HKEX Synapse, unveiled in November last year, will enable asset managers, custody and clearing banks to handle the growing volume of trades though Stock Connect into China.
The hire comes at a crucial time for the exchange group as it looks to implement and roll out a number of key post-trade initiatives.
HKEX will use DAML-developed smart contracts and has partnered with DTCC to streamline and automate Northbound Stock Connect post-trade processes.
New apps designed to give market participants in APAC real-time access to ASX and HKEX’s new DLT-based settlement platforms.
The interface will help BNP Paribas's custody clients to manage their migration to DLT without having to adapt their global operating platform.
Following deal with Hong Kong Exchange, Euroclear expects more exchanges in Asia, the Americas, and the Middle-East to join its ICSD settlement structure for ETFs.