16:39 | 25/01/2018 Companies
(VEN) - Standard Chartered Bank Vietnam has recently been recognized by the Vietnam Securities Depository (VSD) as one of its top ten outstanding members by Assets under Custody in 2017. The award honours outstanding members who have contributed positively to custody, clearing and settlement of securities transactions in the market.
This is the first time VSD presented awards to members for their participation and contribution to the Vietnam stock market. Standard Chartered Bank Vietnam is one of only two foreign custodian banks to receive the accolade.
Standard Chartered’s custody offering gives customers a single entry point to access services in multiple markets. The key benefits include a single point of contact, multiple services across multiple markets, direct access to operational support and centralized client services, unique coverage through on-shore presence and carefully selected third party agents. Especially, the Bank’s custody product adopts the best international practices and comes with its multi-functional Straight2Bank platform which gives clients on-demand access to comprehensive transactional and reporting capabilities.
Nirukt Sapru, CEO of Standard Chartered Bank Vietnam and ASEAN & South Asia Clusters Markets, said: “Clients always sit at the heart of what we do and we are focused on responding to their evolving needs through the delivery of quality service. This award is a testament to the strong market recognition of the support Standard Chartered Bank Vietnam has provided to our clients and the growth of our client franchise in Vietnam. It also reflects the solid relationships that we have built with the regulators and market intermediaries in our role as a custodian bank”.
Recently, Standard Chartered Bank Vietnam launched an enhanced custody business model which leverages the expertise of all relevant stakeholders from relationship management, product management, securities services sales to implementation management, client service management, market development and operations to ensure clients get the right solutions to address their needs.
Standard Chartered Bank Vietnam was named the ‘Best Foreign Bank in Vietnam” for three consecutive years, including by the Global Banking & Finance Review in 2014 & 2015, and by Global Business Outlook in 2016.