HSBC juggles Asia-Pacific custody heads

HSBC has moved three of its sub-custody executives into new positions in the Asia-Pacific region. Andrew Bastow takes over as Australia head of HSBC Securities Services from Peter Snodgrass, who will relocate to Tokyo as Japan head of sub-custody and clearing. The current custody head in Japan, Shaik Ismail Hakim, will move to Hong Kong in an as-yet-undisclosed "senior sub-custody role". "We have people who are ambitious and talented, and some would like international experience," sa…