Under the mandate, Standard Chartered will be the custody and associated fund services provider for AllianzÆs insurance business in Asia.
This is a new mandate. Previously Allianz business units within Asian countries made their own custody arrangements. The move brings AllianzÆs Asian operations into line with its practice elsewhere in the world where it has established regional custodian banks.
ôThis is a more efficient way to run our businesses in Asia,ö said Christoph John,...
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