Custody

HSBC has recruited a State Street custody veteran as part of a long-planned expansion of its own business. Sinclair Scholfield has been appointed head of sales and client management for HSBC’s Securities Services business in Australia and New Zealand. Scholfield spent the last 18 years at State Street, where he was most recently head of…

Rob Brown has resigned his position as chief executive of the Australian Custodial Services Association to pursue business interests. He will continue until a suitable replacement is found. Brown has spent many years in asset servicing, starting with State Street in the mid-1990s – as well as running NAB-owned Ausmaq for six years until 2010,…