HSBC Securities Services’ (HSS), HSBC’s provider of global, regional and domestic securities services, came first for the third consecutive year in R&M’s 2007 annual Fund Accounting and Administration survey.
The survey focuses on the provision of fund accounting and administration services to the UK investment management market. These services may be offered from onshore or offshore locations including Dublin, Luxembourg and the Channel Islands.
The questionnaire, which was completed by UK based investment managers, examines 34 aspects of the services provided, ranging from core services such as transaction processing through to communication, quality of personnel and value for money.
The survey was conducted in May and June 2007.
Kevin Choy of Aerion Fund Management comments, “Aerion’s requirements have become increasingly complex with the wider use of derivatives and other instruments.
HSS’ flexibility in accommodating our requirements has been greatly appreciated.”
This news follows HSS' announcement on 10 August that it had added J O Hambro Capital Management's onshore OEIC range of funds, worth GBP 670 million, to its strategic custody and fund administration platform.