A loosening of outsourcing rules in Thailand has led HSBC Securities Services to launch a fund administration service for asset managers and owners.
The move from the Thai Securities and Exchanges Commission is designed to increase local fund managers’ operational efficiency.
The bank’s Thai clients already have access to custody and fund supervisory services but will now be able to access fund administration services via the Multifonds platform which is used by HSBC for the Asian market.
“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,” said Utumporn Viranuvatti, head of HSBC securities services in Thailand.
The launch is also in line with HSBC’s ‘Asia-First’ strategy for which it plans to invest US$6 billion in targetting asset managers in the region.
The bank has also been expanding its presence in Thailand. HSBC Private bank launched an onshore business in February.
© 2021 funds global asia 
At times like these, HSBC Asset Management easily pivots towards emerging markets.
The spotlight on growth markets and the need to be nimble and dynamic is ever-sharper, given the difficulty in predicting monetary policy in the world’s major nations.
A comprehensive, cost-effective, and transparent currency overlay hedging solution is crucial to mitigate FX exposure risks in the complex landscapes of Japan and China's FX markets, explains Hans Jacob Feder, PhD, global head of FX services at MUFG Investor Services.
Ross Dilkes, fixed income portfolio manager at Wellington Management, examines the opportunities and risks for bond investors presented by the region’s decarbonisation agenda.
Shareholders in Japan no longer accept below-par corporate governance standards. Changes are taking place, but there are still areas for improvement, says Tetsuro Takase at SuMi Trust.
Robert St Clair, head of investment strategy at Fullerton Fund Management, explores the reasons investors should be paying attention to the rising demand for healthcare in China.
China's internet market presents one of the most compelling long-term growth potentials for investors today, given the catalysts supporting the sector from both macro and fundamental perspectives, explains Dr Xiaolin Chen, head of international, KraneShares.
