HSBC stages fund-services coup in Singapore

Schroder Investment Management has appointed HSBC Securities Services (HSS) as its sole trustee, custodian and fund administrator in Singapore, dropping local provider OCBC Trustee. Schroders Singapore previously split its trust, custody and fund-admin needs between the two firms. "Consolidating the services under HSS gives us better service leverage and control, not just locally but also regionally," says Lilian Tham, Asia-Pacific head of operations and IT at Schroders. The mandate…