Bangkok--8 Feb--HSBC
HSBC Thailand has been awarded a USD7 billion mandate to provide fund accounting and administration, global and local custody services to the Public Debt Restructuring and Domestic Bond Market Development Fund (PDDF), a Fund established under the Public Debt Management Act as a state entity under Ministry of Finance.
With enriched custody experience and global footprint, HSBC Securities Services is well positioned to provide end-to-end securities services, comprehensive compliance monitoring service, and onshore and offshore the Straight Through Processing (STP) to the government sector. With more than 100 years of experience and one of the largest securities services network in the world, HSBC Securities Services was a natural choice.
Photo shows Mr. Matthew Lobner (2nd left), Chief Executive Officer, HSBC Thailand; Mr. Chakkrit Parapuntakul (Centre), Director General of the Public Debt Management Office, Ministry of Finance; attended a global custodian agreement signing ceremony, witnessed by Ms. Janatip Bhokavanij (2nd right), Senior Vice President, Financial Institutions Group, HSBC Thailand; Mrs. Utumporn Viranuvatti, Head of HSBC Securities Services, HSBC Thailand; and Mr. Nattakarn Boonsri, Director of Fund Management and Bond Market Infrastructure Development Division, Bond Market Development Bureau, the Public Debt Management Office, Ministry of Finance.