Michael Chan moved on in August after nine years with the asset management and servicing firm and a search is still under way for his replacement.
The asset management and servicing group is recruiting five executives to raise its Middle East headcount to 14 in anticipation of opportunities in the region's pensions industry.
CEO Rick Waddell says the firm does not intend to seek a licence to conduct onshore custody business in China, but is targeting Asian family offices.
The firm has hired George Hindmarsh from Citi as regional head of business development for asset servicing to institutional clients and he will be looking to add dedicated resources.
Sumitomo Mitsui Trust Bank’s proposed purchase of Daiwa Securities’ hedge-fund admin and trustee business should provide it with access to new client segments.
Asset-servicing firm RBC Dexia says RBC's acquisition of the remaining half of the business will hasten regional expansion and lead to greater cross-selling opportunities.
We announce the winners in asset servicing. Through the week we'll recognise the best in prime broking, indexing services, legal and accounting services, and trading and execution.
Margaret Law joins from Bank of America Merrill Lynch to replace Lawrence Au and help develop asset-servicing products.
In the second part of a two-part Q&A, Jay Hooley, Boston-based chief executive of State Street, outlines his concerns about the proposed AIFM directive and why he’s optimistic about Asia.
In the first part of a two-part Q&A, Jay Hooley, Boston-based chief executive of State Street, talks about how the US financial reforms might affect his business.
Schroders Singapore chooses HSBC Securities Services as its sole trustee, custodian and fund administrator, having previously split those services between HSBC and OCBC Trustee.
Senior partner Andrew Tucker moves to Hong Kong from New York as the custodian's first Asia-Pacific head based in the region.