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HSBC committed to local custody arm despite rapid decline in assets

Despite its local assets under custody and administration plummeting by more than 60% in the past six months, HSBC is adamant it's not going anywhere.

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Read more: ACSAHSBC Custody NomineesHSBC AustraliaAustralian Custodial Services AssociationAustralian Institute of Superannuation TrusteesCitigroupClearstreamFinancial StandardJ.P. MorganNetwealth