HSBC Securities Services (HSS) has won an additional mandate from Lion Global Investors, one of the largest asset management companies in Southeast Asia, with S$28.7bn in assets.
HSS now services a total of 41 of Lion Global’s funds reflecting the strength of the 15 year partnerships between the firms. HSS has been appointed as trustee, accounting and valuation agent, registrar and custodian for two Lion Global funds, in addition to being awarded the trustee mandate for a third fund, for which HSS already provides a full administration and custody service.
Tony Lewis, head of HSBC Securities Services Singapore, said: “As a full service provider across all client segments, we believe that strong and enduring relationships are key to the success of our business. The partnership we enjoy with Lion Global Investors is a broader reflection of the sustained commitment we have made to the fund management sector in Singapore, and has been one of the key reasons why we maintain our market leading position here.”