Standard Chartered is appointed custodian for Singapore’s first authorised VCC T+0 money market fund by iFAST

Lim Chung Chun, Chief Executive Officer (CEO) of iFAST Corporation Ltd, added that “Standard Chartered has been a long-standing partner of the iFAST group over the years. We are delighted that Standard Chartered shares our vision and plans for our VCC funds platform business and we look forward to their continued support for future fund launches.”

Francois Verlaine, Regional Head, Financing and Security Services, ASEAN and South Asia, Standard Chartered, said, “We are very excited to work with iFAST to launch their first authorised VCC money market fund for investors in Singapore. This is made possible because of the mutual trust and understanding between both organisations built over the years, and iFAST’s decision to have Standard Chartered partner it for this inaugural launch is testament to the Bank’s capabilities in our fund solutions.

Since the inception of the VCC framework in 2020, Standard Chartered has been working closely with the Monetary Authority of Singapore, industry participants and clients to drive change and growth of the asset management industry here. Our suite of fund solutions, coupled with our vast experience and solid track record as one of the pioneers of the framework, make our Financing and Securities Services business the ideal partner for fund managers to leverage the VCC scheme and expand their growth.

iFAST Singapore holds a Capital Markets Services Licence and is a CPF Investment Scheme (CPFIS)-registered Investment Administrator. The company provides investment solutions to financial advisers, financial institutions, insurance companies, pension fund managers, retail and accredited investors, and multi-national companies. iFAST Singapore is the Singapore business operation of iFAST Corporation Ltd, which is listed on the SGX Mainboard and present in Malaysia, Hong Kong, China and the UK.

As an international bank and a pioneer provider of custodial services in Singapore, Standard Chartered leverages its in-depth experience and local expertise to offer clients across its global footprint a comprehensive suite of custody and asset servicing solutions ranging from International Custody, Fund Administration, Trustee and Transfer Agency services. These capabilities enable the Bank to service onshore and offshore fund structures, across fund strategies, effectively supporting global, regional and local asset managers, asset owners and financial intermediaries.

by : on 2022-08-18 10:25:00

Source link

#Standard #Chartered #appointed #custodian #Singapores #authorised #VCC #money #market #fund #iFAST

Capital Media

Read Previous

China demand doubts darken mood as miners baulk at energy costs By Reuters

Read Next

les groupes marocains dominent sur un marché où Ecobank et Société Générale font la course en tête

%d bloggers like this: