The major features of the service include a single point of contact; single contract and consolidated reporting for multiple markets through one provider.
Custody services will cover a range of services including equity and fixed income securities settlements, safekeeping, corporate actions, income and entitlements collection, cash management, reporting, and information services to clients.
Standard Chartered MENA regional head of investors and intermediaries Stewart Adams said the regional custody hub currently caters for 26 countries and the bank is continuously expanding its coverage to meet customer demand.
"The regional custody offering aims to facilitate client access to regional and global markets, leveraging our footprint across the world’s most dynamic markets. It is also a clear indication of our commitment to our brand promise: Here for Good – Here for Clients," Adams said.
