State Street Appointed Registered Agent for Wellington on HKEX Fund Platform
SingTao · 2 SOURCESabout 2 hours ago4 MIN
Summary
State Street Corporation has been appointed by Wellington Management as its registered agent on the Hong Kong Exchanges and Clearing (HKEX) Integrated Fund Platform, successfully facilitating the first batch of fund subscription and redemption transactions through the platform. The milestone follows HKEX's formal launch of order transmission services on the IFP, a B2B platform backed by the HKSAR government and the Securities and Futures Commission.
Key Points
- State Street (道富) announced on September 29, 2026, it has been appointed by Wellington Management (威靈頓投資管理) as its registered agent on the HKEX Integrated Fund Platform
- State Street successfully assisted Wellington Management in completing the first fund subscription and redemption transactions via IFP
- State Street is currently the only global registered agent providing services on the IFP, demonstrating its innovative capability and leading position
- Eric Ho, State Street Asia-Pacific Head, highlighted this as an important step for the Hong Kong fund distribution ecosystem
- Robert Bay, Wellington Management Hong Kong President and Asia-Pacific Trading Head, noted IFP as a significant market infrastructure development
- The IFP connects asset management companies with distributors through standardized digital pipelines to strengthen Hong Kong's fund distribution infrastructure
Why It Matters
The successful transaction demonstrates growing industry confidence in Hong Kong's fund distribution infrastructure, with the IFP expected to streamline how global asset managers connect with regional distributors and investors in the city .