The market environment for custody in Germany has been difficult in 2010. However, HSBC has seen a further increase in assets held under custody as a result of new and existing clients launching new products. The main growth was in mutual funds and unit-linked life insurance products. In a year when emerging markets were on everyone’s investment radar, HSBC benefited from the emerging market ties of the wider group.
Source: Risk magazine | 26 Nov 2010
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