Standard Chartered Bank has launched an integrated direct and regional custody platform for its investor and intermediary clients to capture growth opportunities in Asia, Africa and the Middle East.
The ‘Single Touch’ regional custody capability allows clients to connect across the bank’s custody network of 39 markets. Domestic clients in Asia can also transition from a single market high touch focus to a multi-market offshore hub coverage model, with the aim of maintaining the benefits of a direct account model, while at the same time supporting investment flows that are increasingly expanding cross-border.
George Nast, head of product management, Transaction Banking, Standard Chartered said: “Building on the successful launch of our award winning corporate actions capability in 2010, clients will be delighted that the new platform simplifies the task of meeting increasingly complex requirements, improving their ability to capture investment opportunities across emerging markets.”
The new platform has been launched domestically in the Philippines and Vietnam and for regional custody in Singapore. The platform will be incrementally rolled out across Standard Chartered’s entire custody network by 2014.
