HSBC becomes the latest global custodian to offer broker outsourcing services to top-tier broker-dealers. But some analysts say smaller brokers would gain more from these services.
Tag : outsourcing
The public pension fund reserve saw AUM top Rmb1 trillion after a local government mandate and healthy returns. If it continues to diversify, it's expected to raise mandated assets.
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.
