Standard Chartered expands regional custody
26 June 2012 Dubai
Image: Shutterstock
Standard Chartered Bank will expand its regional custody coverage for investors from its MENA regional hub in the Dubai International Financial Centre.
The service now covers more than 40 markets across Asia, Africa, and the Middle East. Farooq Siddiqi, regional head of Transaction Banking MENA, Standard Chartered, said:
“This expansion is a clear example on how we are leveraging our network to benefit our clients and the wider region. We are already seeing intra-regional and international investment flows in the markets that we cover and this will only grow over time.”
The expanded coverage leverages the bank’s custody capabilities in Africa and enables Standard Chartered to provide custody solutions to Middle East investors and intermediaries.
The service now covers more than 40 markets across Asia, Africa, and the Middle East. Farooq Siddiqi, regional head of Transaction Banking MENA, Standard Chartered, said:
“This expansion is a clear example on how we are leveraging our network to benefit our clients and the wider region. We are already seeing intra-regional and international investment flows in the markets that we cover and this will only grow over time.”
The expanded coverage leverages the bank’s custody capabilities in Africa and enables Standard Chartered to provide custody solutions to Middle East investors and intermediaries.
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