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Showing 1 - 10 of 52 results for "HSBC Bank"

ASIC boasts $830m record civil penalties

KARREN VERGARA  |  MONDAY, 20 JUL 2026
... totalling $10.3 million for systemic failures to report investigations into significant member services issues to ASIC and HSBC Bank Australia admitting to serious failures in protecting customers from scams that cost it $35 million. The Federal Court ...

HSBC Bank fined $35m in landmark scam-protection failures

KARREN VERGARA  |  FRIDAY, 19 JUN 2026
HSBC Bank Australia has been hit with a $35 million penalty after admitting to widespread and systemic failures in protecting customers from scams. Following a Federal Court hearing in Melbourne on June 18, Justice Bennett handed down the penalty and ...

Local custody industry surpasses $6tn milestone

JAMIE WILLIAMSON  |  FRIDAY, 6 MAR 2026
... wound up in full in the second half of 2025. Also seeing double-digit growth in the period were BNY Mellon (17.4%), HSBC Bank (12%), Netwealth (11.2%), and Perpetual (11.1%). The top five custodians by size now are J.P. Morgan ($1.49tn), State Street ...

ASIC sues HSBC Australia over $23m scam losses

MATTHEW WAI  |  MONDAY, 16 DEC 2024
ASIC has launched legal proceedings against HSBC Bank Australia in the Federal Court, alleging the latter failed to "adequately protect customers", resulting in losses of about $23 million through nearly 1000 unauthorised transactions. ASIC said the ...

Former AMP Capital executive takes over at Selfwealth

CASSANDRA BALDINI  |  THURSDAY, 19 OCT 2023
... entry. Before his tenure at AMP Capital, he also held senior management positions at Westpac, Commonwealth Bank, and HSBC Bank Australia. While at HSBC, Keary assisted the bank in developing its online trading platform. SelfWealth chair Christine Christian ...

Northern Trust wins First Sentier mandate

KANIKA SOOD  |  WEDNESDAY, 6 JAN 2021
... Northern Trust (about 15%), Citigroup (14.5%), NAB Asset Servicing (14.1%), BNP Paribas (12.3%), State Street (10.7%), HSBC Bank (4.8%), RBC (3.4%), Ausmaq (1.6%), Netwealth (0.8%) and BNY Mellon (0.7%).

Northern Trust races up custody league tables

KANIKA SOOD  |  FRIDAY, 28 AUG 2020
... Northern Trust (about 15%), Citigroup (14.5%), NAB Asset Servicing (14.1%), BNP Paribas (12.3%), State Street (10.7%), HSBC Bank (4.8%), RBC (3.4%), Ausmaq (1.6%), Netwealth (0.8%) and BNY Mellon (0.7%). ACSA chief executive Robert Brown said the fall ...

ASIC finalises EU with HSBC

KARREN VERGARA  |  FRIDAY, 22 FEB 2019
ASIC has completed an enforceable undertaking with HSBC Bank Australia and is satisfied the bank met all requirements. HSBC entered the court enforceable undertaking with ASIC on 13 May 2016. The regulator was concerned HSBC provided "potentially deficient ...

Super fund welcomes industry veteran to trustee board

KANIKA SOOD  |  MONDAY, 13 AUG 2018
... Corporation. Carol Austin has over 30 years experience in the industry. She is currently a non-executive director at HSBC Bank Australia and the Grattan Institute. She chairs the ACT Government's investment advisory board and is a member of the General ...

Wealth manager appoints private wealth lead

JAMIE WILLIAMSON  |  MONDAY, 9 JUL 2018
... manager Giles Wade. He has also previously served as chief executive of Boston Capital Group, head of wealth management at HSBC Bank and head of wealth management and distribution at Chimaera Capital. Coloretti was also involved in the development of ...
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