Standard Chartered has recently undergone a major restructuring to the securities services business after combining it with prime finance services.
Korea has become a key part of BNY Mellon’s APAC strategy after it won a global custody mandate from the National Pension Service of Korea in late-2018.
Addition give International Securities Services Association additional expertise in the Asia-Pacific, Middle East and Africa region.
The Singapore-based bank will combine and align its custody and post-trade operations with the portfolio risk management and prime finance businesses.
Standard Chartered was a top performer in Global Custodian’s Agent Banks in Frontier Markets 2018 survey in Nigeria.
The exit comes at a crucial time in the post-financial crisis regulatory agenda, with multiple rules set to come into force over the next couple of years.
The former COO of global client coverage at RBC I&TS joins Standard Chartered in Hong Kong to lead the Greater China securities services business.
The emerging and frontier markets banking specialist is seeing how it can utilise new technologies with its largest clients.