Việt Nam News

Standard Chartered Vietnam named Best Sub-custodian bank in 2021

June 16, 2021 - 06:55

Standard Chartered Bank (Vietnam) has been named Best Sub-custodian for the fifth consecutive year and the “Best Sub-custodian Bank” 2021 in Asia Pacific by Global Finance.

Standard Chartered Bank (Vietnam) has been named Best Sub-custodian for the fifth consecutive year. — Photo courtesy of the bank

HÀ NỘI — Standard Chartered Bank (Vietnam) has been named Best Sub-custodian for the fifth consecutive year and the “Best Sub-custodian Bank” 2021 in Asia Pacific by Global Finance.

The award recognises the top performer among financial institutions and service providers in local markets and regions. Selection criteria include, but are not limited to, quality of service, competitive pricing, technology platforms and knowledge of local regulations and practices. Client review and feedback on performance of sub-custody service providers in 2020 are also obtained as part of the assessment process.

Standard Chartered Bank Vietnam integrates its best international experience and local expertise in providing securities services in Việt Nam. By placing emphasis on innovation and constantly striving to improve service quality, the Bank has presented innovative solutions that can be tailored to meet clients' needs, even in the most challenging time, to achieve best results.

“We are very honoured to be consecutively named as Best Sub-custodian Bank in Việt Nam. It is a testament to our product expertise, client focus and market advocacy efforts in this growing capital market. We would like to express heartfelt appreciation to our clients who trust and support Standard Chartered’s Securities Services business. This award definitely affirms our leading position and our long-term commitment to Việt Nam,” said Michele Wee, CEO, Standard Chartered Bank Vietnam.

Global Finance awards have become a globally recognised and trusted standard of excellence. Fitch Ratings has revised the outlook on Standard Chartered Bank Vietnam to “Positive” from “Stable” affirming the Bank as a strong partner to Việt Nam. This recognition reinforces Sustainability – one of Standard Chartered's priorities, in which the bank aspires to become a leader and driver of sustainable development for its clients and Việt Nam's economy. — VNS

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