Standard Chartered Bank expands fund services offering

Standard Chartered Bank announced the expansion of its Fund Services coverage to ten full service centre locations throughout Asia including Hong Kong, Singapore, Thailand, Indonesia, China, Philippines, India, Taiwan, Malaysia and Korea. The bank’s core fund services capabilities and activities have also been enhanced with the roll out of new “best of breed” systems for accounting and alternative fund investor servicing. These enhancements provide clients with single and multi-market solutions across an increased product and asset range together with improved local language and customised reporting.

Alastair Pow, Global Product Head, Fund Services, Standard Chartered Bank said, “At Standard Chartered Bank we are continuing to invest in expanding our Fund Services capabilities for clients. This year alone our focus on supporting our clients with the solutions and advisory they need has enabled us to grow market share and deliver double digit growth. We will continue to strengthen our strong focus on Asia’s investment industry and to add to our people bench strength.

We offer our clients a winning combination of enhanced service capabilities -- our deep regional understanding, local service presence and substantial fund distribution coverage mean that Standard Chartered Bank is uniquely placed to assist our clients to overcome the challenges they now face in growing their businesses in this environment.”

Developed for its client base of Asset Managers and Insurance Companies in Asia, Standard Chartered Bank’s Fund Services complement the Bank’s award winning custody and cash services.