September 2008

CUSTODY 2008: HSBC View from the Top

stillabower.jpgPaul Stillabower,

global head of business
development, Fund Services
HSBC Securities Services

The greatest challenge in the past year
has been developing robust solutions to service the increased number of complex
investments to support our clients. We have invested, and continue to invest
and develop our data warehouse, our pricing engines and our middle office
solutions to meet client demand. In addition, we are supporting our clients’
geographical aspirations in emerging markets, which is a natural strength of
HSBC.

This is challenging and exciting at the same time. In the year ahead,
this trend will continue. We will continue to focus on profitable solutions for
our blue-chip client base and will continue to work with other businesses in
HSBC to deliver better products to clients. For example, linking our markets
division execution and financing services to our securities services business –
which we started this year.