Standard Chartered secures Barclays' Asian business

The bank wins new custody business with Barclays Capital in Taiwan and Korea and also retains business in other key Asian markets.

Standard Chartered Bank has won the mandate for Barclays Capital's custody business in Taiwan and Korea.

The bank is already Barclays' custody provider in Japan, Hong Kong, Singapore, Indonesia, the Philippines and Malaysia.

Earlier this year, Barclays Capital undertook a review of its Asia Pacific trade and custody activities, with the intention to consolidate its portfolio of securities with a maximum of two providers within the region, and to achieve the cost savings requested by its traders.

Standard Chartered fought off tough competition, and we are delighted that not only have we retained Barclays' key Asian markets, we have also managed to broaden...

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