Deutsche Bank has won a mandate from Thailand’s SCB Securities (SCBS), a subsidiary of Siam Commercial Bank, to provide equity execution, settlement and custody services.
SCBS will use Deutsche Bank’s dbIntegrate solution, which automatically converts equity trades into settlement instructions to promote efficiency, and by using one provider from execution through custody, there can be cost savings as well. The solution runs off of another Deutsche Bank product, Autobahn, which is the bank’s algorithmic trading platform.
“We are pleased to be chosen by SCB Securities Co. Ltd. With the recent relaxation of regulations in Thailand for offshore investments, there is a new demand for efficient cross-border transactions from local financial institutions, and dbIntegrate is the ideal solution to address these needs. We look forward to continuing to work with SCBS,” said Vikas Arora, Head of Global Transaction Banking—Thailand at Deutsche Bank.
Deutsche Bank Wins Custody Mandate from Thailand’s SCB Securities
Deutsche Bank has won a mandate from Thailand’s SCB Securities (SCBS), a subsidiary of Siam Commercial Bank, to provide equity execution, settlement and custody services.