HSBC elected as custodian for first open-ended fund company in Hong Kong

Pedro Gonçalves
clock • 1 min read

HSBC Securities Services has been appointed the custodian and fund administrator for Pacific Hawk, the first open-ended fund company (OFC) launched in Hong Kong. HSBC Securities Services will provide Pacific Hawk Global OFC custody and transfer agency services as well as fund administration and portfolio valuation. Pacific Hawk Global OFC is the first of its kind to be launched in Hong Kong. The OFC strikes a balance for investors and fund managers by providing investor protection and the familiarity of a company limited by shares as well as the simplicity of fund-raising previously o...

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