CIC appoints new board chairman; HSBC promotes director, PM; Pioneer hires UBS sales head; Eastspring names new retail head; JP Morgan snags Credit Suisse exec for prime services.
Laurence Bailey, the bank's Asia-Pacific CEO of worldwide securities services, offers his views on securities lending, bundled custody solutions, collateral management, depositary receipt services and transition management.
Australia is the latest country to be reorganised under JP Morgan’s new Asia-Pacific treasury and securities services management structure, with Japan next in line for a new appointment.
The US bank's acquisition of ANZ's custody business will give it a local sub-custody presence in Australia and New Zealand, and a large share of the master custody market.
JP Morgan names Shaun Parkes the new head of worldwide securities services for Asia ex-Japan.