Trust companies may be booming in China, but the banking regulator is starting to scrutinise the shadow-banking role they play.
Schroders Singapore chooses HSBC Securities Services as its sole trustee, custodian and fund administrator, having previously split those services between HSBC and OCBC Trustee.
Sumitomo Trust & Banking stakes growth in a mature pensions market on structuring fund products around its prop-desk activity.
Big banks managing bond funds are the rule. New entrants, new products and a new pension system have the potential to galvanise this sleepy industry.
The trust bank now ranks as the third-largest manager of Japanese pension money, behind Sumitomo and Barclays Global Investors.
Michael Ferrer, who left ING Investment Management in Hong Kong at the start of the year, will lead a new asset management venture in the Philippines.
Michael Wu moves over from State Street to help strengthen Northern Trust's presence in China, as global custodians capitalise on rising opportunities from overseas investments.
The global trust and corporate management services provider acquires Apes in Singapore to capitalise on government tax incentives for private equity firms.
The firm mandates SimCorp to support its front offices in Hong Kong and Dundee.
The bank's GTS unit boosts regional agency and trust team by hiring from former JPMorgan pool.
The investment management arm is talking to potential partners.
It is expanding its Hong Kong office to market multi-manager and other institutional investment-related services.
The US custodian is opening a rep office in Beijing.
Northern Trust Global Investments inherited enough of Deutsche’s business in Japan to warrant an office.
The US custodian announces the appointment of a new director of sales and a risk management specialist.
The outcome of this legalese will have a profound impact on China’s pension reform.
The American custodian will help the new central social security fund with risk management and back office capabilities.
Alistair Murray leaves Bank of Butterfield to take up new role with HSBC.
The new NikkoCiti Trust and Banking Corporation will have a total of 7 trillion yen under administration.
The fund manager has boosted its distribution, making it an attractive acquisition.