Standard Chartered Bank has announced that it is expanding its custody services in UAE with the recent addition of Abu Dhabi Securities Exchange (ADX). The bank now provides full custody services in three markets including Dubai International Financial Exchange (DIFX) and Dubai Financial Market (DFM) in the Middle East. In response to the growing demands from foreign investors who trade on the Abu Dhabi Securities Exchange, Standard Chartered says it will provide the full range of sub-custody and securities clearing services which includes settlement, safekeeping services, corporate actions and market information. The ADX serves the domestic cash equity market and has 65 listed companies with a market capitalisation of US$134bn as of end June 2008.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.