CEO Rick Waddell says the firm does not intend to seek a licence to conduct onshore custody business in China, but is targeting Asian family offices.
Tag : asset servicing
The firm has hired George Hindmarsh from Citi as regional head of business development for asset servicing to institutional clients and he will be looking to add dedicated resources.
Sumitomo Mitsui Trust Bank’s proposed purchase of Daiwa Securities’ hedge-fund admin and trustee business should provide it with access to new client segments.
