HSBC Bank Australia has appointed Robert Brown as head of custody sales and relationship development for HSBC Securities Services in Australia.
Brown will be responsible for managing relationships with HSBC's custody client base and ensuring the delivery of world-class service and global technology solutions from across the HSBC network.
He succeeds John Butler, who will move to Singapore as HSBC sub-custody and clearing head of sales and relationship management.
Brown comes from business consultancy firm Alford Brown and Associates, where he was a director and principal consultant.
He also held the position of chief executive at administrator Ausmaq and senior executive positions at National Australia Bank, Commonwealth Bank of Australia and State Street Australia.
"Robert Brown combines extensive custody and financial services experience with strong relationship management skills and deep local market knowledge. His appointment will support the continued growth of HSBC's Australian business," HSBC Securities Services head in Australia Andrew Bastow said.
HSBC Securities Services recently launched an agency clearing service in Australia, which allows local and cross-border broker dealers to outsource their securities back-office operations.
