Standard Chartered completes RBC Investor Services Trust Hong Kong acquisition; establishes new entity and leadership
Acquisition of RBC Investor Services Hong Kong completes as Standard Chartered names chairman and CEO of new trustee unit.
Acquisition of RBC Investor Services Hong Kong completes as Standard Chartered names chairman and CEO of new trustee unit.
Fund administration, custody benchmarking and ManCo services in Ireland and Luxembourg among the units which Apex will take over.
At Credit Suisse’s Annual General Meeting held on 4 April, senior members of staff apologised for the demise of the 167-year-old bank and unpacked the events that led to the UBS acquisition.
Deal, first revealed by Global Custodian's sister publication The TRADE in February, is expected to close by end-2023 and will bump State Street into the ranks of outsourced trading giants such as Northern Trust and UBS.