JPMorgan Partners with HSBC and Standard Chartered for Significant Custody Business Expansion in Asia
Friday, 1 March 2024, 02:05
JPMorgan Partners with HSBC and StanChart for $500 Billion Custody Business
JPMorgan has made a strategic decision to entrust the custody business of $500 billion in assets in Hong Kong and Taiwan to HSBC and Standard Chartered.
Key Points:
- Significant Move: Choosing two reputable banking giants to manage the custody business highlights JPMorgan's commitment to strengthening its operations in Asia.
- Enhanced Security: Clients in Hong Kong and Taiwan can expect increased asset protection and security measures under the partnership with HSBC and Standard Chartered.
- Growth Opportunities: The collaboration is anticipated to bring about ample growth opportunities for all parties and solidify their positions within the global financial landscape.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.