September 2008

CUSTODY 2008: HSBC Directory

 

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HSBC Securities Services    
HSBC Bank plc
8 Canada Square, London E14 5HQ, UK
Tel: +44 (0)20 7991 8888
Web: www.hsbcnet.com/hss

Country of origin: UK
Operating in Europe: Over 100 years

Senior executives:
Tim Howell (London), Head of HSBC Securities Services
Drew Douglas (London), Global Head of Custody
Mike Martin (London), Global Head of Institutional Fund Sevices
Paul Stillabower (London), Global Head of Business Development

Business Split: Custody represents less than 5% (year ending 2007) of wider organisation revenues
Parent’s other main business lines:
                       Personal Financial Services (24.4%)
            •           Commercial Banking (29.5%)
                       Corporate, Investment Banking, and Markets (25.3%)                                 
                       Private Banking (6.2%)
                       Other (14.6%)

European subcustody arrangements:
AUT    Bank Austria Creditanstalt AG
BEL    Fortis Bank (Nederland) NV
BUL    ING Bank Sofia
CRO   RBC Dexia Investor Services
CYP    Laiki Bank Ltd
CZE    Unicredit Bank Czech Republic AS
DEN   Danske Bank
EST    SEB Pank AS (formerly SEB EESTI Uhispank)
FIN      Nordea Bank Finland Plc
FRA    CACEIS Bank
GER   HSBC Trinkaus & Burkhardt
GRE   HSBC Bank Plc
HUN   Unicredit Bank Hungary ZRT
ISL      Landsbanki
IRL      Equities – HSBC IFS via CREST; Debt – Euroclear
ITA      Intesa Sanpaolo Spa
LAT     AS SEB Banka
LTU    SEB Vilniaus Bankas
LUX    ­Clearstream Banking
NED   Fortis Bank (Nederland) NV
NOR   DnB NOR ASA
POL    ING Bank Slaski
POR   Banco Espirito Santo SA
ROM   ING Bank NV
SVK    Ceskoslovenska Obchodna Banka AS
SLO    Unicredit Banka Slovenia
SPA    BNP Paribas
SWE   Skandinaviska Enskilda Banken A/S
SWI     UBS AG; Credit Suisse AG
UK      HSBC Bank Plc

Domestic markets that are strategically important in the near future
                       Middle East (capture new growth)
                       Offshore Europe (grow/scale existing business)
                       Asia (maintain dominant position)

Services offered in addition to Custody
                       Securities lending
                       Equity finance
                       Cash management
                       Collateral management
                       Prime brokerage (partial)
                       Tax reclamation
                       Performance attribution
                       Proxy voting
                       Compliance monitoring
                       Fund admin services
                       Transfer agency
                       Distribution support
                       Transition management
                       Others: alternative fund administration;
                        derivatives and futures clearing, treasury
                        management; equity and bond execution;
                        liquidity funds; transaction cost measurement.

Products/services showing the greatest increase in demand in past twelve months:
                       Hedge fund servicing with  collateralized leverage (post Bear Stearns)
                       Trade execution with custody
                       Shariah compliant products in MENA region

Products and services for development over the next twelve months:
                       All the above (continued development)
                       Asian global custody
                       Middle-office services
                       MENA fund solutions


©2008 Funds Europe