JPMorgan Chase has selected HSBC and Standard Chartered to operate its custody businesses in Hong Kong and Taiwan, with assets worth more than $500 billion, a spokesperson for the U.S. bank said. Reuters reported in December JPMorgan, the world's third-largest global custodian, was set to outsource the operations of its local custody business in Hong Kong and Taiwan with Citigroup, HSBC and StanChart in the race for the mandate.
HONG KONG: JPMorgan Chase has selected HSBC and Standard Chartered to operate its custody businesses in Hong Kong and Taiwan, with assets worth more than US$500 billion, a spokesperson for the US bank said. Reuters reported in December that JPMorgan, the world's third-largest global custodian, was set to o
JPMorgan Chase
has selected HSBC and Standard Chartered to
operate its custody businesses in Hong Kong and Taiwan, with
assets worth more than $500 billion, a spokesperson for the U.S.
bank said. .