Cash And Trade Magazine For Cash and Trade professionals in the Middle East
Global Investor/ISF recognises Bank’s excellence in Custody & Clearing Services
14 November 2016, Dubai UAE – Standard Chartered has been awarded the ‘Best Regional Sub-Custodian of the year’ by world-renowned financial publication, Global Investor/ISF. The results were announced at the MENA Capital Markets Summit held recently in Dubai.
Global Investor/ISF MENA Awards are considered the most prestigious in the financial industry. Factors such as assets under custody, business growth, and services offered among other things are all considered in determining the best sub-custodian award. The award also acts as a benchmark of the leading securities services providers that are available to serve the industry.
Commenting on the awards, Motasim Iqbal, Regional Head, Transaction Banking, Middle East and North Africa (‘MENA’), said: “I am delighted to be presented with this important award from such a prestigious publication. This is a testament to Standard Chartered’s commitment to provide best in class services to our clients in the securities services space. Standard Chartered’s extensive experience and history across Africa and the Middle East allows us to provide both local knowledge and global expertise to support our clients’ business”.
Standard Chartered custody capability has grown from strength to strength. The Bank is now offering direct custody of African markets through its Dubai International Financial Centre hub to support regional clients investing in Africa, which is the second most popular investment destination after MENA region for the regional funds industry.
Regional Head of Securities Services, Africa and Middle East, Bennie VanderWesthuizen, commented on the win, “Our aim has always been to deliver customer-centric products and solutions. It is our commitment to the market as well as our stakeholder’s unwavering support that has made this win possible. I am extremely pleased with our Middle East franchise which not only has been growing faster than any other region globally but also consistently meeting and exceeding clients’ expectations.”
