Standard Chartered is rolling out trustee services in four markets, hoping to capture more of the local mutual-fund custody business.
Schroders Singapore chooses HSBC Securities Services as its sole trustee, custodian and fund administrator, having previously split those services between HSBC and OCBC Trustee.
Standard Chartered loses out as Allianz hands Citi its insurance custody mandate for Asia, soon after the Bank Consortium Trust replaces HSBC as custodian of RCM's Hong Kong MPF funds.
Bank of New York Mellon is selected to provide corporate trust services for Indonesia's first sharia-compliant, US dollar sovereign sukuk.
Bank Trust Consortium and its arm Asia Insurance receive reprimands and an executive is suspended in Hong Kong.
The Hong Kong fund administrator joins 12 other global institutions in adopting the central trade manager platform.