I second that. Its not an investment bank especially the entity on our shore. They do not engage in any advisory, research, trading or portfolio management activities. They are solely a custodian / trustee. But... the entity here is more of the mid and back office for their custodian and trustee business. They mainly do fund accounting as most of their trust accounts are for asset management firms. An example of a back to back Trustee in Malaysia would be HSBC Trustee.