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Deutsche Bank and HSBC set for further cost cuts amid COVID-19 challenges
26 May 2020 London
Reporter: Maddie Saghir

Banking giants HSBC and Deutsche Bank are said to be looking to further reduce costs with pay cuts for staff amid COVID-19 challenges and major restructuring plans

Proxymity launches industry-led consortium
05 May 2020 London
Reporter: Maddie Saghir

The newly formed consortium includes BNY Mellon, Citi, Clearstream, Computershare, Deutsche Bank, HSBC, J.P. Morgan, and State Street

HSBC halts job cuts and restructures
30 April 2020 London
Reporter: Maddie Saghir

“HSBC’s planned job cuts are currently the biggest of the major UK and European banks, but others may be forced to accelerate cost-cutting along with impairment provisioning," industry expert says

New digital assets exchange MAX Markets set to launch
16 April 2020 London
Reporter: Maddie Saghir

MAX will offer a regulated marketplace to enable the buying and selling of cryptocurrencies, security tokens and other digital assets

Alan Davies joins INDOS Financial
15 April 2020 London
Reporter: Maddie Saghir

Formerly of SS&C Depositary Services, Davies will lead UK and international expansion of independent depositary business at INDOS Financial

HSBC Securities Services wins new custody mandate
07 April 2020 London
Reporter: Maddie Saghir

HSBC Securities Services in London has been appointed as sole global custody provider for Admiral Group

HSBC becomes trustee of Iron Ore Futures ETF
30 March 2020 Hong Kong
Reporter: Maddie Saghir

As the first and only foreign designated depository bank approved by the DCE, HSBC helps overseas investors access China's commodity futures markets

HSBC Securities Services hires Steven McCullough
27 March 2020 Hong Kong
Reporter: Maddie Saghir

McCullough joins from Citibank where he worked as managing director, client executive and account management, Asia Pacific for custody and fund services

HSBC to combine markets and securities services as part of restructure
06 March 2020 London
Reporter: Maddie Saghir

HSBC plans to combine its securities services and global markets divisions, which will see its two co-heads of HSBC securities services take on new roles

ACSA assets under custody reach ‘record high’
06 March 2020 Sydney
Reporter: Maddie Saghir

The Australian Custodial Services Association has revealed that total assets under custody for Australian investors jumped by 8 percent over the last six months of 2019 to 4.06 trillion

HSBC set for restructure as it reveals 35,000 job cuts
19 February 2020 London
Reporter: Maddie Saghir

HSBC’s group executive, Noel Quinn, indicated that HSBC will adjust its headcount in line with how the business is progressing as well as factors relating to the economic environment

HSBC named global custodian for the first QDII Vietnam fund
06 February 2020 Vietnam
Reporter: Maddie Saghir

HSBC Securities Services has been appointed as global custodian for the qualified domestic institutional investor fund launched by Tianhong Asset Management, one of the largest asset management companies in China