HSBC has appointed Steve David as head of its securities services business in Luxembourg. David is an industry veteran who spent 20 years at Northern Trust, latterly as head of its Luxembourg business, and joins from IRACE (formerly FundBank) where he was CEO of Luxembourg.
Category: HSBC
Pirum hires from HSBC
Pirum, the fintech specialising in securities finance and collateral management, has hired Jennifer Falco to strengthen its North American operations. Falco joins from HSBC, where she spent nearly seven years as an equity finance and Delta One sales specialist in New York.
HSBC supports Kamco’s KSA sec lending launch
Kamco Invest – Saudi and HSBC Saudi Arabia have partnered to launch a securities lending service for clients investing in the Saudi equity market. The new offering broadens the investment solutions offered by Kamco Invest – Saudi by enabling their clients to earn additional income from eligible securities held within their portfolios, transforming long-term holdings…
HSBC joins UK’s Digital Securities Sandbox
HSBC Bank Plc has become the first applicant approved by the Bank of England to go live in the UK’s Digital Securities Sandbox (DSS), part of the UK’s innovation agenda for digital assets. HSBC Orion, HSBC’s digital assets platform, will be able to operate within the DSS as a Digital Securities Depository (DSD) for digitally…
HSBC adds PA capabilities in KSA
HSBC in Saudi Arabia has expanded its existing fund administration capabilities to include private assets. HSBC is thought to be one of the few providers in KSA to offer fund administration for clients investing in both traditional and private assets.
HSBC launches integrated ETF solution
HSBC has become the first global bank to offer an integrated fractional dealing and custody solution for all ETFs listed on the London Stock Exchange. With the launch of this new HSBC capability, retail investors in the UK will be able to buy and sell fractional ETF shares through participating savings and investment platforms, IFAs,…
HSBC hires senior funds expert from Citi
Conor Hession has joined HSBC as global head of fund accounting & ETF services, based in Hong Kong. He joins from Citi, where he spent 28 years, most recently as an MD responsible for fund services product management & development across APAC.
Cooper leaves Northern Trust
After just over two years at Northern Trust, Duncan Cooper has left to run his own business. He was chief data officer at Northern Trust, and has also worked at BNY and HSBC. He is based in the UK.
HSBC wins in Australia
Allianz Australia has appointed HSBC as global custodian and fund administrator.
Turner joins BNY
Ed Turner has joined BNY as global product head for registered funds, ETFs, and insurance accounting, based in the UK. He was previously at HSBC.