The newly formed MENAT issuer services team will provide capital markets clients with key services including escrows, account bank and security agent services.
Thursday 11, July 2019 BY KUDAKWASHE MUZORIWA
HSBC has launched its onshore issuer services business in the UAE and Egypt.
The bank stated that the issuer services team—part of HSBC Securities Services—helps corporates and institutions execute complex transactions by providing services such as operational and administrative support for bond and loan programmes, escrow services for merger and acquisitions (M&A) transactions as well as agency and account bank services for structured debt issuance.
Pankaj Kaul has been appointed as Regional Head of Issuer Services for the Middle East, North Africa and Turkey (MENAT) and he will be reporting to the MENAT Head of HSBC Securities Services.
In a statement, HSBC said that the addition of UAE and Egypt to the HSBC network brings the number of countries the business operates to 15.