HSBC appoints new head of securities services business in Singapore
HSBC's 31-year veteran and former head of securities services in Singapore will transition to a new role within the bank.
HSBC's 31-year veteran and former head of securities services in Singapore will transition to a new role within the bank.
HSBC will provide custody and fund administration services to the CSOP Asset Management's newly-approved ETF in Singapore.
HSBC will be its primary service provider for TIH's newly launched Asian active engagement Vastana Fund.
Modular Asset Management was spun out of US hedge fund giant Millennium Capital Management earlier this year.
BNP Paribas will provide CSOP Asset Management with custody solutions, fund administration and transfer agency services for funds using Singapore's VCC structure.
As Singapore, Hong Kong and China begin to recover from the effects of the Coronavirus pandemic, one global service provider sees the momentum moving east in the weeks to come.
Singapore has 18 asset managers already signed up to re-domicile a total of 20 funds to the new VCC fund structure.
The new VCC structure is designed to strengthen Singapore’s status as a regional fund distribution hub.
CAM is one of 18 fund managers participating in the VCC pilot programme launched by the Monetary Authority of Singapore last month.
The Network Forum (TNF) returned to Hong Kong for its Asia Meeting this week, amid a backdrop of political and social unrest.