HSBC selects processing platform for global operations

New OPSCO unit aims to centralize processing across all asset classes and locations.

OPSCO, a unit recently formed to develop a global operations capability at HSBC, has selected San Francisco-based vendor Calypso to provide the processing platform for the group's worldwide treasury markets and securities trading operations.

Most of the work for this is being done in Hong Kong and Shenzen, which remains the bank's back-office technology centre.

Amongst our goals are the reduction of transaction costs and the enhancement of services to HSBC Group's customers, says Andy Mayer, director of OPSCO, a recently formed unit to develop a global operations capability at HSBC. We looked for a real-time platform that would give us cross product straight-through-processing, and equally important, one built with...

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222