Standard Chartered has added trustee services to its global custody and fund services capabilities for collective investment schemes in Singapore.
The bank now offers a full range of services including fund administration, fund trustee, custody, and cash management for fund managers seeking to offer authorized funds in Singapore.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
The move is part of the bank’s global expansion of its fund trustee and depositary services, which includes nine markets such as Hong Kong, Malaysia, Luxembourg, South Africa and Uganda where services were launched last year.
Margaret Harwood-Jones, global segment sponsor for investors and intermediaries, said: "With the upcoming ASEAN Fund Passport, Singapore, which provides the benefit of clear regulatory and tax rules, will be an excellent base for fund managers to market their funds to ASEAN investors."
Alan Naughton, global head of product management for investors and intermediaries, added: "Expansion of our fund trustee services in Singapore is a natural progression for us as a comprehensive securities services provider in the region."
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
