HSBC

A partnership with the Australian Institute of Superannuation Trustees (AIST) gives HSBC an opportunity to shop its services to the country’s biggest investors.

Australia’s last domestically-owned custodian is winding down its operations after an on-off effort to sell the business.

Talks between NAB Asset Servicing and HSBC for the latter to take charge of the former’s 30 largest clients have allegedly faltered.

Rumoured talks between NAB Asset Servicing (NAS) and HSBC have re-opened the possibility that Australia’s last homegrown custody business will finally close its doors. The latest rumour circulating through Australia’s tight-knit asset servicing industry is that HSBC is pitching to negotiate the potential transfer of NAS’ 30 largest clients to its business, while NAS would…

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 Arnott, the founder and chairman of Research Affiliates, addressed investors on the unanswerable question as to what happens next following the recent rebound in fortunes for value managers. His webinar, on August 5 (US time) begged the question of when it will happen, but he left the audience in no doubt about what was…

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,…

J.P. Morgan has increased its lead on the other major third-party asset servicing firms in Australia, with an 18.7 per cent jump in assets under custody to $973.2 billion in the six months to December last. The latest figures from the Australian Custodial Services Association, compared with the six months to June, represent a strong…