Sweden-based Lynx Asset Management has selected HSBC Securities Services (HSS) to provide administration and global transfer agency services to its two Swedish onshore fund vehicles, which have nearly $1bn in assets under management.
The other funds will be serviced by HSBC Securities Services Ireland (HSSI), which already has a client relationship with Lynx since 2004.
Lynx is a commodity trading adviser (CTA) and has nearly $6bn in assets under management.
HSBC Securities Services head of Ireland Tony McDonnell said: "We are delighted that Lynx has chosen HSBC to service these funds in addition to the existing business we hold with them.
"It also further demonstrates our capabilities and developmental flexibility within global transfer agency and accounting and valuations.As well as being a reflection on our excellent relationship with Lynx to date, this is a strategically important win for our Irish business and expands our product coverage."
Lynx Asset Management partner and COO Marcus Andersson said: "We, Lynx Asset Management AB, have chosen to introduce an independent third-party valuation of our Sweden-based fund vehicles as of October 2015. When evaluating different service providers, it was a natural step for us to continue and deepen our long-standing professional relationship with HSBC."