Jul 21 2012
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Standard Chartered is pioneer bank in Qatar to receive a Custody License from Qatar Financial Market Authority
21 July 2012, Doha Qatar - Standard Chartered Bank announced today they are one of the pioneer banks to have been officially granted a Custody License from the Qatar Financial Market Authority (QFMA).
Commenting on the expansion of Custody Offerings, Charles Carlson, Chief Executive for Standard Chartered Bank in Qatar said "We were the first bank to start operations in Qatar and now, on the same lines, we are pleased to be the one of the pioneer banks to officially receive a Custody License from the Qatar Financial Market Authority (QFMA). Throughout the licensing process QFMA was extremely supportive thus facilitating the application process whereby we could comprehensively complete all requirements & pre-requisites".
Shikkoh Malik, Regional Product Head of Investors and Intermediaries, MENA added "Standard Chartered has ambitious plans to continually expand our product portfolio for investors and intermediaries across the region to ensure clients' requirements are proactively catered for. Our service model, designed after extensive consultations with our existing & potential clients and local authorities, is structured to ensure that we develop a distinguished product offering. We are very encouraged with the response from our local, regional and global client base. This demonstrates living with our brand promise 'Here for good, Here for clients and here for community' in countries where we operate as well as ensuring we do business strictly in compliance with local regulations".
Standard Chartered's Securities Services network extends across ?? markets and it has met the needs of securities industry participants' in the Greater Asia region for over 150 years, serving a discerning client base that comprises leading North American, European, Asian and Middle East institutions.
Standard Chartered - leading the way in Asia, Africa and the Middle East
Standard Chartered PLC is a leading international bank, listed on the London, Hong Kong and Mumbai stock exchanges. It has operated for over 150 years in some of the world's most dynamic markets and earns around 90 per cent of its income and profits in Asia, Africa and the Middle East. This geographic focus and commitment to developing deep relationships with clients and customers has driven the Bank's growth in recent years.
With 1,700 offices in 70 markets, Standard Chartered offers exciting and challenging international career opportunities for more than 87,000 staff. It 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. The Bank's heritage and values are expressed in its brand promise, 'Here for good'.
For more information contact:
Head of Corporate Affairs
Standard Chartered Bank
Tel: +974 44248450
© Press Release 2012
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