HSBC Securities Services (HSS) has launched transfer agency services through HSBC (Malaysia) Trustee, also selected as the first provider of such administration to the regional fund management industry.
“Off-loading non-core functions like transfer agency services and fund accounting to HSBC Trustee allows us to focus on our core competency,” said CEO of OSK-UOB Islamic Fund Management Berhad, adding that HSBC Trustee has continued to provide strong support for business growth, including its new Islamic subsidiary which will be launching its first series of Islamic funds.
With this launch, HSS now offers end- to-end securities services, including trustee, custody (both global and sub-custody and clearing), fund accounting and valuation, as well as transfer agency services in Malaysia.
