Standard Chartered Enhances Services

Standard Chartered reports from Singapore that it has established a new corporate agency & trust business within its transaction banking division by bringing together its existing services to provide a comprehensive range of agency, trust, escrow and account bank services for its clients.

It says that leveraging the bank's strong global network and deep local expertise across its footprint of Asia, Africa and the Middle East, the new business will work closely with its capital markets and corporate finance divisions to execute diverse debt transactions for its clients seamlessly. 

As part of Standard Chartered’s build-out of its agency and trust capabilities for eurobond issuances, the Bank also applied for and was appointed as a common depository, common service provider and common safekeeper for Euroclear Bank SA/NV and Clearstream Banking SA, the international central securities depositories (ICSDs).

The business is led by Paul Wilden. Based in Singapore he reports to Alan Naughton, head of securities services and corporate agency & trust.