UBS to enter asset services, hires HSBC’s Lunn

Colin Lunn has left HSBC Securities Services in order to join UBS Global Asset Management, according to sources familiar with the move. This means UBS is throwing its hat into the ring of asset and fund servicing in Asia, taking on HSBC as well as the likes of BNY Mellon, Citi, JP Morgan and others. Lunn resigned from HSBC in April after 16 years of service, including his time at Bank of Bermuda, whose fund servicing platform was acquired by HSBC seven years ago. He started of…