Standard Chartered extends custody and clearing to Bahrain and Oman
The bank's Middle East custody and clearing business now extends to five markets, with the addition of six staff.
Bahrain and Oman are the latest markets to gain access to Standard Chartered's custody and clearing capabilities, as the bank adds three staff in each country to bring its team up to 33 in the Gulf.
The firm previously offered asset-servicing capabilities to investors on the Abu Dhabi Securities Exchange, Dubai Financial Market and Nasdaq Dubai. Standard Chartered has $350 million in assets under custody in the Middle East, and its regional custody and clearing operation is based in …
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