Sweden’s Lynx awards HSBC Ireland with onshore fund admin

Lynx Asset Management, a Swedish asset management firm, has awarded a $1 billion (€888.5 million) fund administration mandate to HSBC Securities Services (HSBC SS) for two onshore funds.

HSBC SS in Ireland, part of HSBC Group, will provide administration and global transfer agency services to two Lynx funds that are domiciled in Sweden.

The custody bank and asset servicer has a client relationship with Lynx going back to 2004, but the mandate marks the first time that HSBC SS will service Swedish onshore funds.

Lynx, founded in 1999, is a ‘commodity trading adviser’ with approximately $6 billion in assets under management. It is part of the Brummer group.

Tony McDonnell, head of HSBC SS in Ireland, says: “As well as being a reflection on our excellent relationship with Lynx to date, this is a strategically important win for our Irish business and expands our product coverage.”

HSBC SS in Ireland services about $148 billion in assets across 60 clients from its offices in Dublin.

©2015 funds europe

HAVE YOU READ?

THOUGHT LEADERSHIP

The tension between urgency and inaction will continue to influence sustainability discussions in 2024, as reflected in the trends report from S&P Global.
FIND OUT MORE
This white paper outlines key challenges impeding the growth of private markets and explores how technological innovation can provide solutions to unlock access to private market funds for a growing…
DOWNLOAD NOW

CLOUD DATA PLATFORMS

Luxembourg is one of the world’s premiere centres for cross-border distribution of investment funds. Read our special regional coverage, coinciding with the annual ALFI European Asset Management Conference.
READ MORE

PRIVATE MARKETS FUND ADMIN REPORT

Private_Markets_Fund_Admin_Report

LATEST PODCAST