Press release
We’ve enhanced our Corporate Agency & Trust Services for clients
Standard Chartered 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.
Leveraging Standard Chartered’s strong global network and deep local expertise across its footprint of Asia, Africa and the Middle East, the Corporate Agency & Trust business will work closely with the Bank’s Capital Markets and Corporate Finance divisions to seamlessly execute diverse debt transactions for its clients.
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, Head of Corporate Agency & Trust. Paul is based in Singapore and reports to Alan Naughton, Head of Securities Services and Corporate Agency & Trust.
Alan Naughton commented, “We are delighted with our new Common Depository appointment from both ICSDs. With the newly established business and the ICSD mandates, we are now well-positioned to provide a one-stop solution for our clients across the debt lifecycle.”
The establishment of Corporate Agency & Trust services reinforces Standard Chartered’s client-centric strategy and commitment to offer a full suite of Transaction Banking and Financial Markets solutions to meet its clients’ evolving fund raising and financing needs as well as more effectively manage their working capital requirements.
For further information please contact:
Natalie Long
Manager, Global Communications
Standard Chartered Bank
+65 6596 5388
Natalie.Long@sc.com