How HSBC stood tall in asset servicing last year

Last week AsianInvestor announced the remaining five awards at a celebratory dinner for winners of all this year's prizes, which were announced online last month.  We will feature a detailed write-up on all our award winners in the forthcoming June edition of AsianInvestor  magazine. 

This week we outline why those five marquee winners scooped their prizes. We have already featured Invesco, for its Asset Manager of the Year and Best Business Development awards; and UOB Asset Management as Asian Fund House of the Year. 

Asset services provider of the year
HSBC Securities Services
Company performance across the asset services sector was mixed in 2015, with many players struggling to grow amid volatile markets in the second half of the year.

However, HSBC combined solid growth numbers with the sort of integrated approach to custody, administration and associated services that have become so important. The bank adapted to the changing market, integrating business units while developing distinct solutions, especially in the data and technology space. 

It has an onshore presence across 17 countries in Asia-Pacific and large market shares in key institutional segments. In 2015, the firm had notable successes resulting in 34% growth in sales mandates for its global custody/fund administration business over the previous year. One notable new client win was a pan-Asian mandate by a global insurer covering global custody and fund administration.

In Hong Kong, the bank picked up custody/fund administration and transfer agency business for 10 of the 17 northbound fund managers applying under the China-Hong Kong mutual recognition of funds scheme. It enjoys a 51% market share of approved RQFII quotas, plus a 40% share of Shanghai-Hong Kong Stock Connect quota used to date.