Standard Chartered Bank launches Custody and Clearing Services Qatar
27 March 2011 Qatar -Standard Chartered is pleased to announce the launch of Custody and Clearing Services from Qatar. The Bank will provide direct Custody and Clearing services to clients investing in Qatar. This expansion of Custody and Clearing Services takes Standard Chartered's coverage of the Middle East to six markets and reinforces the Bank's commitment to the region and the expansion of its 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 while 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 & entitlements collection, proxy services, foreign ownership monitoring and disclosure services, cash management, foreign exchange, reporting, and information services to clients.
Commenting on the expansion of Standard Chartered Bank Custody Offerings, David Godwin, Chief Executive Officer of Standard Chartered Qatar said, "Standard Chartered has operated in Qatar for 60 years and the launch of custody and clearing services further emphasizes the Bank's commitment to the country. Standard Chartered's extensive experience and history in the region allows us to provide both local knowledge and global expertise to support our clients' operations. This announcement is another important milestone in our strategy to embed our Securities Services capabilities to our service offerings in Qatar."
Shikkoh Malik, Regional Product Head of Investors & Intermediaries added "We are pleased with our ongoing drive to continually expand our product portfolio for investors across the region. Our service model, designed after extensive consultations with our clients, ensures that we come-up with a distinguished product offering."
Standard Chartered's Securities Services network extends across 29 markets in Africa, Asia and the Middle East serving a broad client base that comprises leading North American, European, Middle Eastern and Asian institutions.
For further information please contact:
Haya Mashhood
Head, Corporate Affairs
Standard Chartered Bank
Qatar
Tel: +974 4248450
Fax: +974 4248111
Mobile: +974 5847178
Email: Haya.Mashhood@sc.com
Standard Chartered – leading the way in Asia, Africa and the Middle East
Standard Chartered PLC is a leading international bank, listed on the London and Hong Kong stock exchanges. It has operated for over 150 years in some of the world's most dynamic markets and earns around 90 per cent of its income and profits in Asia, Africa and the Middle East. This geographic focus and commitment to developing deep relationships with clients and customers has driven the Bank's growth in recent years.
With 1700 branches and outlets in more than 70 markets, Standard Chartered offers exciting and challenging international career opportunities for more than 75,000 staff. The bank is committed to building a sustainable business over the long term and aims for the highest standards of corporate governance, social responsibility, environmental protection and employee diversity. This heritage and these values are expressed in its brand promise, 'Here for good'.
For more information on Standard Chartered, please visit www.standardchartered.com