Custodians and fund-admin providers are ready to tap potential opportunities in the renminbi funds market, but worry that RMB bonds are thin on the ground.
Asset managers are also increasingly seeking derivatives-processing services, according to HSBC and JP Morgan.
Shaun Parkes, worldwide securities services head at JP Morgan, says demand for bundled global custody solutions will grow in 2010.
Sandie OÆConnor of JP Morgan is positive on the prospects for collateral management, securities lending and transition management, despite a third-quarter drop in revenue for the bank's worldwide securities services unit.
TaiwanÆs GreTai Securities Market appoints JP Morgan as sole clearer for foreign government bonds.
JP Morgan names Shaun Parkes the new head of worldwide securities services for Asia ex-Japan.