Press Release
Standard Chartered strengthens Fund Services product suite with Alternative Investment Fund Administration
New service provides a range of solutions to investor clients
Region: Greater China and Japan, Middle East & Pakistan, Korea, South East Asia, India and South Asia, Americas, Europe, Africa Published by:
Valerie TAY
Date:
26 October 2009
Cash, Fund management
26 October 2009, Singapore – Standard Chartered has launched the Alternative Investment Fund Administration service for the Asia Pacific and Middle East markets. The service expands the Bank’s fund service capabilities by providing a comprehensive range of fund administration solutions to alternative fund clients through 2 regional centers, Singapore and Hong Kong. With an extended product suite complementing Cash, Custody and Global Market services, clients gain access to the full range of financial services needed for investment and administration.
Standard Chartered’s Alternative Investment Fund Administration accommodates a broad cross section of strategies and fund types. In particular, Standard Chartered is able to support all major hedge fund strategies as well as private equity, property and infrastructure funds. With this service, clients will be able to depend on Standard Chartered’s presence, financial stability and continuing commitment so that they can focus on their core business activities.
Together with applications already in use, Standard Chartered now offers a range of solutions including:
- Fund and investment accounting
- Onshore and offshore administration
- Single and multi-tier investor servicing
- Real time tracking of investors’ transactions
- Improved processing times and reporting times
- Integrated performance fee modules
Alastair Pow, Global Head of Product, Fund Services at Standard Chartered Bank, said:
“At Standard Chartered, we firmly believe in the long-term growth prospects in the region and aim to offer new products that add value to our client’s expanding needs. Since the launch of our Fund Services business in 2008, we have built a strong alternatives administration team. Despite uncertain market conditions, this launch is another example of our on-going commitment to growing our Securities Services business within our footprint. As an organisation, we are well positioned to make a difference in addressing the overall banking needs of our clients.”
For further information please contact:
Valerie Tay
Corporate Affairs, Group Wholesale Banking
Tel: +65 6725 7792
E-mail: Valerie.Tay@sc.com
Note to editors:
About Standard Chartered Bank
Standard Chartered – leading the way in Asia, Africa and the Middle East
Standard Chartered PLC, listed on both London and Hong Kong stock exchanges, ranks among the top 25 companies in the FTSE-100 by market capitalisation. The London-headquartered Group has operated for over 150 years in some of the world’s most dynamic markets, leading the way in Asia, Africa and the Middle East. Its income and profits have more than doubled over the last five years primarily as a result of organic growth and supplemented by acquisitions.
Standard Chartered aspires to be the best international bank for its customers across its markets. The Group derives more than 90 per cent of its operating income and profits from Asia, Africa and the Middle East, generated from its Wholesale and Consumer Banking businesses. The Group has over 1,600 branches and outlets located in over 70 countries. The extraordinary growth of its markets and businesses creates exciting and challenging international career opportunities.
Leading by example to be the right partner for its stakeholders, the Group is committed to building a sustainable business over the long term and is trusted worldwide for upholding high standards of corporate governance, social responsibility, environmental protection and employee diversity. It employs more than 70,000 people, nearly half of whom are women. The Group’s employees are of 125 nationalities, of which about 70 are represented in the senior management.
For more information, please visit: www.standardchartered.com
About Transaction Banking
As part of the Bank’s Wholesale Banking business for Corporates and Institutions, Transaction Banking provides Cash Management, Securities Services and Trade Services to clients for and in Asia, Africa and the Middle East. The business provides a full suite of transactional products and also serves as a bridge to these markets for clients from the U.S and Europe. A leading provider of Transaction Banking services, some highlights of the Bank’s external recognition are as follows:
- Top-Rated Sub-Custodian by Global Custodian magazine
- Best Structured Trade Finance Bank by The Asset magazine
- Best Bank for Liquidity Management in Africa by Global Finance
- Best Cash Management Bank in the Sub-Saharan Middle East by Euromoney magazine
- Custodian of the year (Asia & Australia and Middle East & Africa) by the International Custody and Fund Administration magazine
- Best Sub-Custodian Bank Award (for Asia, the Middle East, UAE, India, Indonesia) by Global Investor magazine
- Best International Trade Bank (for the Middle East, North Africa, Africa, India and Singapore) by the Trade Finance magazine
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