BNP Paribas has entered into an agreement with HSBC for the acquisition of the custody and depositary bank business of HSBC Continental Europe S.A., Germany, subject to regulatory approvals. As part of the agreement, the custody business staff employed at HSBC Continental Europe S.A., Germany will transfer to BNP Paribas’ securities services business in Germany.…
Category: HSBC
HSBC wins Sukuk ETF mandate
HSBC has been appointed to provide trustee, global custody and fund administration services for Premia BOCHK Saudi Arabia Government Sukuk ETF in both Hong Kong and Saudi Arabia.
HSBC to provide MO services to Eastspring
Eastspring Investments, the Asia-based manager owned by the UK’s Prudential, has appointed HSBC to provide middle office outsourced services and support its growth ambitions across multiple Asian markets, including Singapore and Malaysia. HSBC’s MO services will be integrated into BlackRock’s Aladdin platform, which Eastspring has been using since 2019. HSBC’s securities services relationship with Eastspring…
New head of securities services at SIX
Rafael Moral Santiago is to join the SIX Group executive board as head of securities services. He left HSBC in 2024 and has also worked at Deutsche Bank.
Stillabower joins Euroclear Bank board
Paul Stillabower has been appointed as an independent, non-executive board member of Euroclear Bank SA/NV. He will also be risk committee chair. Stillabower has a storied career in the investor services industry, having worked at HSBC and, most recently, RBC before the acquisition of its investor services business by CACEIS. He remains based in the…
HSBC hires top J.P. Morgan exec
HSBC has hired Jane Masen as global head of custody, effective immediately. She is based in London, reporting to Fiona Horsewill, global head of securities services. She joins from J.P. Morgan, where she was global head of network management. Suvir Loomba has been global head of custody since 2022, and will continue in his role…
HSBC supports ZKB’s ETF launch
Zürcher Kantonalbank, Switzerland’s largest cantonal bank, has listed four ESG ETFs on the SIX Swiss Exchange. Three are domiciled in Ireland and one in Switzerland. HSBC is acting as AP and providing custody, depositary, fund administration and transfer agency services for the three ETFs domiciled in Ireland, which make up ZKB’s inaugural Ireland-domiciled ETF umbrella.
HSBC launches PA platform
HSBC has launched a digital platform for both general and limited partners of global fund of funds to have better transparency of their underlying private asset investments, such as real estate, private equity, infrastructure or structured debt. The platform is powered by eFront Insight technology, BlackRock’s private markets technology solution from Aladdin. The new platform…
State Street hires NA head
State Street has appointed Sarah Salih as EVP and head of North America for its investment services business. Salih is based in Boston and reports to Joerg Ambrosius, president of State Street Investment Services. She joins from HSBC Securities (USA), where she was most recently head of regional coverage, Americas.
NTRS hires from HSBC
Northern Trust has hired Alistair Bentivoglio as global head of enterprise change management, based in the UK. He was previously at HSBC.