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 : custody
Domestic securities firms and locally incorporated foreign banks are jostling for sunshine fund business as the mainland's securities regulator awaits applications.
Amid rising cross-border investment from Asian asset managers, BNP Paribas Securities Services argues it can complement managers' existing trading desks through outsourcing.
AmInvest has outsourced middle-office functions to State Street in response to its offshore expansion plans and a trend for Malaysian institutional investors to select their own custodians.
