JP Morgan Chase to Outsource Operations of $520 Billion Custody Business in Hong Kong to HSBC & Taiwan to Standard Chartered Bank
2nd March 2024 | Hong Kong
JP Morgan Chase has decided to outsource operations of its $520 billion custody business in Hong Kong to HSBC & Taiwan to Standard Chartered Bank. In December 2023, JP Morgan Chase had been reported to be outsourcing operations of the $520 billion custody business in Hong Kong & Taiwan, with 3 banks Citi, HSBC & Standard Chartered reported to be bidding to be potential custodian. JP Morgan Chase custody business in Hong Kong & Taiwan has around $520 billion of assets.
“ JP Morgan Chase to Outsource Operations of $520 Billion Custody Business in Hong Kong to HSBC & Taiwan to Standard Chartered Bank “
JP Morgan Chase to Outsource Operations of $520 Billion Custody Business in Hong Kong & Taiwan, 3 Banks Citi, HSBC & Standard Chartered Reported to be Potential Custodian
14th December 2023 – JP Morgan Chase has been reported to be outsourcing operations of the $520 billion custody business in Hong Kong & Taiwan, with 3 banks Citi, HSBC & Standard Chartered reported to be bidding to be potential custodian. JP Morgan Chase custody business in Hong Kong & Taiwan has around $520 billion of assets.
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