HSBC has appointed Dan Massey as global head of business development and regional head for Southeast Asia for its sub-custody and clearing business.

Massey takes on his new role after running HSBCÆs corporate trust and loan agency business in Europe. Now based in Hong Kong, he has global responsibility for business development.

He also assumes the new role of regional head for Southeast Asia where he will oversee the sub-custody businesses in Indonesia, Malaysia, Philippines, Singapore, Thailand and Vietnam. He will also look after the bankÆs sub-custody operations in Bangladesh, Sri Lanka and Mauritius.

ôMasseyÆs appointment will further strengthen our global business development and the regional management team which we have now rolled out across the business,ö says Colin Brooks, global head of sub-custody and clearing. ôHis experience will be invaluable in the continued development of our sub-custody business and in ensuring the ongoing delivery of consistent service standards to our clients across our global network.ö

Massey has extensive experience in the financial services business and has been with the HSBC Group for 14 years.

Previous roles for Massey include managing HSBCÆs global funds and investments business in Jersey and heading up HSBCÆs sub-custody business in Korea for almost three years before taking on the role of head of sub-custody sales and relationship management based in Hong Kong.

HSBC Securities Services provides services to banks, global custodians and cross border institutional broker-dealers in 39 markets across Asia- Pacific, the Middle East, Europe and Latin America.