JPMorgan (JPM) Picks Firms for Hong Kong, Taiwan Custody Business
JP MORGAN CHASE(JPM) Zacks Investment Research·2024-03-01 22:26
JPMorgan (JPM) has chosen HSBC Holdings plc (HSBC) and Standard Chartered PLC (SCBFF) to run its custody businesses in Hong Kong and Taiwan. The news was reported by Reuters.A spokesperson for JPM said that the local custodian in Hong Kong would be outsourced to HSBC, while the Taiwan business would be operated by Standard Chartered. The financial details of the deal are not yet known.Fiona Horsewill, the global head of Securities Services at HSBC, said that the bank looked forward to being appointed by JPM ...