Tuesday, 26 October 2021

HSBC launches fund administration services for asset owners and managers in Thailand

HSBC Securities Services has launched fund administration services in Thailand for its asset owners and managers clients. The new service enables asset owners and managers to focus on their core offering and outsource their back office operations to HSBC. This move is in line with the change in landscape in the securities services industry in Thailand where the Securities Exchange and Commission relaxed the outsourcing rules to boost the efficiency of local fund managers’ operations. 

Under this model, the client will be using HSBC’s fund administration services in addition to custody and fund supervisory services offered currently. The service will be offered through market leading fund administration platform, Multifonds, HSBC’s strategic platform in Asia. This will enable clients to experience best-in-class future-proof solutions, consolidated views and standardised solutions across multiple markets while addressing local market specifics.

“Our clients have expressed a keen desire to improve efficiency and reduce cost, reduce operational risk, adapt to their investors’ need and manage regulatory changes effectively. We are supporting our clients by offering a high degree of straight-through processing with end-to-end solutions that compliment their core activities,” said Utumporn Viranuvatti, Head of Securities Services, Thailand. “This will allow our clients to focus on their key competencies and expand their product offerings.”

 

Re-disseminated by The Asian Banker

Diary of Activities
Transaction Finance and Risk Dialogue and Awards Ceremony
23 November 2021