U.S. Bank now offers investors access to the Saudi Arabia market. HSBC Saudi Arabia will act as sub-custodian and Saudi Arabia British Bank as cash correspondent bank. HSBC and SABB will provide U.S. Bank with local custody and cash clearing services for investment services clients investing in Saudi Arabia through the qualified foreign investor (QFI)…
Category: U.S. Bank
U.S. Bank joins CREST with BNP Paribas as sponsoring member
U.S. Bank has been authorised by CREST, the UK-based central securities depository, to operate as a direct participant in the UK and Irish markets, with BNP Paribas serving as sponsoring member. Earlier this year U.S. Bank appointed BNP Paribas as its European regional custodian for 11 markets, in addition to the UK and Ireland.
U.S. Bank appoints BNP Paribas as European custodian
U.S. Bank, one of the world’s top 10 custodians with USD6.8trn AuC/A, has appointed BNP Paribas Securities Services as its custodian in 11 European markets (Austria, Belgium, Cyprus, France, Germany, Greece, Italy, the Netherlands, Portugal, Spain and Switzerland), as well as local custody services in the UK and Ireland. The relationship covers over USD10bn in…