With trusteeship, StanChart aims for Asia funds

Standard Chartered has unveiled trustee services in Hong Kong and Malaysia and intends to do the same in Singapore, as part of its drive to win more custody business from mutual-fund companies. George Nast, Singapore-based global head of product management for transaction banking, says: “We’re still bullish on Asia’s mutual-fund business. The long-term trends still hold true, such as Asia’s high savings rate that needs to be invested. Global fund managers continue to set up in the…