Standard Chartered picks up UAE mandate 14 October 2013United Arab Emirates Reporter: Georgina Lavers
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Standard Chartered has picked up a custody and fund administration mandate with Al Mal Capital, an investment institution in the United Arab Emirates.
Tariq Qaqish, head of asset management at Al Mal Capital, said: “We are pleased to partner with Standard Chartered for our award-winning Al Mal UAE equity fund, Al Mal MENA equity fund and Al Mal Saudi Shariah funds."
"Together we will seek to enhance the return for unit holders by providing optimal, cost effective services. As a leading investment bank, Al Mal Capital is committed to exceptional relationship management and continuously strive to improve our levels of service towards our valued customers."
"We believe our newly established partnership with an esteemed institution like Standard Chartered will pave the way for such enhanced interaction and hence satisfy our ultimate goal of client satisfaction.”
Stewart Adams, regional head of investors and intermediaries for transaction banking at Standard Chartered, said that the partnership will enable Al Mal Capital to better focus on their core fund management activities.
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