StanChart extends custody services

Tuesday, 23 February 2010

The MENA securities services team

Standard Chartered is has launched custody and clearing services from Bahrain and Oman. The bank will provide direct custody and clearing services to clients investing in Bahrain and Oman.

This expansion of custody and clearing services takes Standard Chartered’s coverage of the Middle East to five markets and reinforces the expansion of the bank's securities services business globally.

Custody and clearing Services plays an integral role in the development of capital markets by providing market access for investors and broker dealers, addressing the growing industry and regulatory demand for segregated safekeeping of investment portfolios. This covers a range of services including equity and fixed-income securities settlements, safekeeping, corporate actions, income collection, proxy services, foreign ownership monitoring and disclosure services, cash management, foreign exchange, reporting and information services to clients.

Standard Chartered's securities services network extends across 21 markets in Asia and the Middle East, serving a client base that comprises leading North American, European, Middle Eastern and Asian institutions.