HSBC Bank of Bermuda
Global fund services
HSBC Bank of
Bermuda has provided services to international investors for nearly 50
years. Widely recognised as a leading international banking and trust group,
the Bank offers in-depth knowledge and experience in all areas of fund
servicing and custody. The Bank adds value to client relationships through
its commitment to the investment management industry and its focus on
professional support and technology.
Client base
The Global
Fund Services client base is diverse, representing institutional funds,
hedge funds, fund of funds, private equity funds, retail funds, venture
capital groups, international pension schemes and other financial
institutions.
Office locations
To accommodate
this wide variety of clients, the Bank maintains GFS offices in locations
such as New York, Hong Kong, London and many offshore locations such as
Bermuda, the Cayman Islands and the Channel Islands.
Setting up funds
Each client’s
requirements are assessed at the inception of the relationship, allocating
to that client the staff best equipped to handle their individual needs.
Initial questions will include:
-
What is
the investment strategy?
-
To whom
will the fund be marketed?
-
What is
the structure of the fund?
-
What is
the intended domicile?
-
Will the
fund be listed on an exchange?
-
How many
shareholders will there be?
Operational activities
Detailed
service standards ensure the best client service standards from initial
advice and customised investment decisions to reporting on performance. As
far as clients are concerned, this will include the following main areas:
-
Cash
management and execution of trades
-
Formal
compliance reviews
-
Valuation
and accounting
-
Settlement
and reporting of transactions
-
Shareholder services (subscriptions/redemptions/dividends)
Regulatory environment
The Bank of
Bermuda is supervised by the Bermuda Monetary Authority, the regulatory
powers of which are determined by statute. The international offices of the
Bank are subject to local regulations in their own jurisdictions, as well as
the Bank’s internal and external auditors.
Source: Global Fund Services: Partnering People & Business |
