Lehman's hedge fund clients have only started to regain assets that have been frozen for nearly five years, with the bank's crash precipitating changes in custody arrangements.
Asia managers need to identify the right business model and focus on core competencies, says Glenn Kennedy, regional head of hedge funds sector for HSBC Securities Services.
The level of RMB deposits in Hong Kong leaped by Rmb60 billion in just over a month last year. HSBC Securities Services is among those excited about the emergence of a new asset class.
Schroders Singapore chooses HSBC Securities Services as its sole trustee, custodian and fund administrator, having previously split those services between HSBC and OCBC Trustee.
HSBC Securities Services appoints Dan Massey to head business development across Southeast Asia for sub-custody and clearing as the bank continues to expand in the region.