The Korean financial giant is laying the groundwork to serve as a sub-custodian to global banks.
Tag : sub-custody
Jitendra Somani and Edmond Ng are the latest additions to HSBC Securities ServicesÆ Asia-Pacific global custody leadership line-up.
Australia is the latest country to be reorganised under JP Morgan’s new Asia-Pacific treasury and securities services management structure, with Japan next in line for a new appointment.
The US bank's acquisition of ANZ's custody business will give it a local sub-custody presence in Australia and New Zealand, and a large share of the master custody market.
The UK bank rotates three senior custody executives between Australia, Hong Kong and Japan.
Deutsche Bank plans to roll out global third-party securities lending as it completes its acquisition of Dresdner Agency Securities Lending.
Deutsche Bank continues to ramp up its Asian transaction banking team with five new executive appointments.
The deal makes HSBC the second largest domestic custodian in the market.
Global director of the business, Roger Harrold, discusses the State Street sale and reveals Deutsche''s plans for growing profits, China and fund administration in Korea.
The BNP Paribas Securities Services account win, equal to $4 billion in assets, is evidence of a general shift in Japanese sub-custody business to foreign banks.