The Hongkong and Shanghai Hotels (HSH) has awarded a mandate to RBC Dexia Trust Services Hong Kong Limited to be trustee and scheme administrator for the company’s pension scheme, Occupational Retirement Scheme Ordinance (ORSO). At project inception, the scheme holds a portfolio of over €40m.
Neil Galloway, finance director and chief financial officer (CFO), said: “After a comprehensive review of the various providers in the marketplace, we decided to partner with RBC Dexia, whose product and services meet our requirements to what we believe is a ‘best in class’ standard. Working with RBC Dexia allows us to take advantage of its strong global capabilities while leveraging its specialist expertise and solid track record of good governance and efficient service.”
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.