iFAST appoints Standard Chartered as custodian 13 June 2024Singapore Reporter: Klea Neza
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iFAST Fund Management has reinforced its partnership with Standard Chartered, appointing the company as trustee, fund administrator and custodian for seven Collective Investment Scheme (CIS) retail funds managed by iFAST.
The companies say the new appointment by iFAST demonstrates the strong collaboration between both organisations, which will consolidate all its investment retail funds.
Standard Chartered aims to leverage its in-depth experience and local expertise to offer clients across their global footprint a comprehensive suite of custody and asset servicing solutions ranging from international custody, fund administration, trustee and transfer agency services.
Standard Chartered capabilities allow the company to service onshore and offshore fund structures, across fund strategies, effectively supporting global, regional and local asset managers, asset owners and financial intermediaries.
Lim Chung Chun, CEO of iFAST Corp, says: “Standard Chartered has been a long-standing partner of the iFAST group over the years. We are pleased that Standard Chartered shares our vision and plans for our fund management business and this appointment showcases the strong commitment between both organisations to provide quality investment solutions to our investors and clients.”
Francois Verlaine, regional head, Financing and Securities Services, ASEAN and South Asia, Standard Chartered, comments: “This appointment of Standard Chartered as iFAST’s sole partner for all its investment funds is a strong testimony of the longstanding trust and understanding between both organisations.”
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