Standard Chartered Bank has launched an integrated direct and regional custody platform for its investor and intermediary clients to help capture growth opportunities in the fast growing markets across Asia, Africa and the Middle East.
With its ‘Single Touch’ Regional Custody capability, clients can connect across the bank’s custody network of 39 markets in a manner that combines the benefits of a direct local account interface with regional reporting and servicing aggregation, the bank said.
Domestic clients in Asia can also seamlessly transition from a single market high touch focus to a multi-market offshore hub coverage model, maintaining the benefits of a direct account model while supporting investment flows that are increasingly expanding cross-border. The platform has been designed to offer high degrees of customization in client messaging, servicing and reporting, combined with enhanced levels of straight-through processing.
Investors and intermediaries who are seeking access to emerging markets are increasingly impacted by the challenges resulting from evolving local market conditions and mounting regulatory changes. By integrating a full range of regional services that include cash and FX, Standard Chartered eases the burden of dynamic market environments and allows clients to navigate the changing landscape and focus on capturing growth opportunities, Standard Chartered said.
The new platform has been launched domestically in the Philippines and Vietnam and for Regional Custody in Singapore. The platform will be incrementally rolled out across Standard Chartered’s entire custody network by 2014.