Origin Asset Management LLP has appointed HSBC in Ireland to provide full administration and custody services for the launch of four new funds managed by Origin Funds Plc. Founded in 2005, Origin Asset Management manages about GBP1.8bn assets. At its inception it outsourced custody and administration to HSBC.Lindsay James Johnston, partner and chief operating officer of Origin Asset Management LLP, said: "HSBC Securities Services provide the perfect outsourcing solution for our business by providing us with both back and middle office services, enabling us to remain focused on investment performance and client service. This deal strengthens our existing highly successful relationship with HSBC and allows us to continue to offer the best value to our clients whilst growing our business with the capacity and security of a major global network behind us."
