Eastspring Investments has appointed Hongkong and Shanghai Banking Corporation to provide middle-office services for its business in several Asian countries, including Singapore and Malaysia.
HSBC announced the appointment in a statement on May 19, saying that it will integrate the services into the Aladdin platform to manage the full investment lifecycle across asset classes for Eastspring.
Eastspring has been using Aladdin, a portfolio management platform developed by asset management giant BlackRock Inc, since 2019.
“This strategic partnership [with HSBC] is a crucial component of Eastspring’s operational transformation, aimed at optimising our operating model for improved efficiency,” says Lilian Tham, the company’s chief operating officer.
Singapore-headquartered Eastspring, the investment arm of UK insurer Prudential plc, managed around US$256 billion of assets as of March 2025.
London-based HSBC had $10.6 trillion of assets under custody as of end-2024.
