HSBC’s securities services Q2 revenue falls 9.9% year-on-year
Strong institutional financing demand contributed to 43% growth in securities finance revenue.
Strong institutional financing demand contributed to 43% growth in securities finance revenue.
New appointment will succeed Brian Godins, who stepped down from the role in March after more than 14 years’ service at the bank.
Promotion for executive who has spent 17 years with HSBC after roles with Goldman Sachs and Macquarie Group.
HSBC will begin rolling out its securities services offering on the Aladdin Provider platform to clients globally from 1H2021, starting in Hong Kong and Singapore.
The solution is a market first and improves the tax transparency of securities lending opportunities in TTFs for institutional investors.
The revamped service follows the onboarding of HSBC Life and the addition of $56 billion of assets under administration to its insurance servicing platform.
HSBC has recently been named the securities services provider for several new landmark ETF launches across APAC.
The mandate comes as Luxembourg aims to become the gateway for Chinese asset managers to launch locally domiciled funds.
HSBC will provide custody and fund administration services to the CSOP Asset Management's newly-approved ETF in Singapore.
The hire is the latest senior appointment by Intertrust for its Luxembourg fund administration business.