Standard Chartered Bank has expanded its regional fund services capabilities in the Middle East.
Capabilities from its regional securities services centre based in Dubai now include fund accounting and administration, compliance reporting, performance measurement and analytics, and institutional transfer agency services.
With the expansion, Standard Chartered’s fund services coverage has reached to 17 markets.
Alan Naughton, global head of product management for investors and intermediaries, said: “Expansion of fund services capabilities is a natural progression for us as a comprehensive securities services provider in the region. We have done extensive market research to ensure that not only do our capabilities meet client requirements but that we differentiate ourselves from other players in the region. We are extremely grateful for the support given to us by the regulator during the licensing process.”
Margaret Harwood-Jones, global segment sponsor for investors and intermediaries, added: “Our comprehensive product suites for the securities industry participants make us the first choice of our clients. I am extremely pleased with the response from our clients who have shown tremendous interest in our capabilities in the Middle East. I firmly believe our extensive coverage, expanded fund services capabilities in the Middle East and recently established UCITS focused Luxembourg branch set us apart from competition.”
