Leading Sub-Custodian Banks in the Middle East for the Year 2025
In the dynamic world of international banking, Standard Chartered stands out as a beacon of innovation and market leadership in the Middle East. The bank's services have caught the attention of the editorial board of our website, who have recognised Standard Chartered as the winner in the region.
Standard Chartered's growth in the Middle East is evident in its recent expansions. The bank has expanded its transfer agent services in the Dubai International Financial Centre, Qatar, and the UAE through its ViTAL offering. This service includes a digital interface for accessing investment data and performance analytics, aiming to enhance the client experience.
Moreover, Standard Chartered is making strides in digital asset custody, offering this service in the UAE. The bank has also launched its services in Qatar and upgraded the system for T+1 processing, demonstrating its commitment to efficiency and speed.
Standard Chartered's robust custody platform, SeCCuRe, handles asset-servicing transactions across all markets it serves. The platform has recently implemented new ISO 20022 messaging standards for proxy voting and enhancements for handling corporate actions, further improving its service quality.
The bank's presence in the Middle East extends to countries such as Oman, Qatar, the United Arab Emirates (UAE), and Bahrain. Standard Chartered's senior bank executives hold leadership positions within key global industry associations, reflecting the bank's influence and standing in the industry.
Standard Chartered is making a significant impact in the region by adhering to local regulations and practices. The bank is the first international bank to act as a settlement bank for the Dubai Financial Market exchange and Nasdaq Dubai, demonstrating its commitment to compliance.
The editorial board's selection process takes into account various factors, including customer relations, quality of service, technology platforms, post-settlement operations, local market knowledge, regulations, and practices. Standard Chartered's services in the Middle East are considered for their reliability and quality.
Standard Chartered continues to expand regionally with ongoing technology investment and product innovation. The bank is the only provider in the UAE market to offer complete end-to-end Islamic solutions for custody, cash management, and fund administration.
The editorial board of our website considered market research, expert sources, and bank entries for selecting the best service providers. Standard Chartered's investments in technology and executive talent across the region are evident in its enhanced systems and digital services. The bank's expansion in Qatar, making it the first international banking company in Qatar to use digital custody technology, is a testament to its commitment to the region's growth and development.
In conclusion, Standard Chartered's innovative services, commitment to the region, and adherence to local regulations and practices have earned it the recognition as the leader in the Middle East banking sector. The bank continues to invest in technology and talent, expanding its presence and service capabilities, and setting the bar high for other banks in the region.
