Wellington has been managing assets for clients in the Middle East and North Africa for 29 years and decided to expand into the region to support local needs
The deal will see HSBC make a $35m investment into Tradeshift in two stages and also join its board
The assets and liabilities of the parent companies of SVB UK are excluded from the transaction
Reported revenue was down 2 per cent to $49.6bn, impacted by lower global interest rates and a decrease in revenue in markets and securities services
Lawyers for Huawei argue HSBC improperly aided the US to indict CFO Meng Wanzhou
Mastercard and HSBC will aim to develop an approach to green financing around sustainable infrastructure projects in net zero cities