Erste Group Bank in Australia and New Zealand has awarded custody mandate to HSBC.

HSBC Australia head of securities services, Andrew Bastow, said that this mandate is testament to its ability to provide clients with the highest level of service and state-of-the-art technology solutions as well as our strong position in the securities services market.

Erste Group Bank head of custody and network management Alexander Schleifer said that Erste has a longstanding relationship with HSBC in several markets around the world and we appreciate the professional service, experience and global reach that they can offer.

“This is why we chose HSBC as our custodian in Australia and New Zealand and we look forward to further developing our positive relationship,” Schleifer said.