HSBC aims to be 'one-stop shop' for securities services
The UK bank continues the global build-out and link-up of its securities-services business with the appointment of a senior transfer agency services exec in Hong Kong.
HSBC is boosting its transfer agency (TA) services division as part of a group strategy to provide global across-the-board securities services, incorporating custody, fund administration, stock lending and prime broking.
The UK bank faces tough competition in Asia, though, as other securities-services providers are seeing growth and boosting their capabilities in the region, among them BNP Paribas, BNY Mellon, Citi, Deutsche Bank, JP Morgan and State Street.
HSBC has spent $45 millio…
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