Standard Chartered Bank Viet Nam (SCB) was recognised by Viet Nam Securities Depository (VSD) as one of its top 10 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 Viet Nam stock market. SCB 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 centralised client services, unique coverage through on-shore presence and carefully selected third party agents.

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.

Recently, SCB launched an enhanced custody business model, which leverages the expertise of all relevant stakeholders, including relationship management, product management, securities service sales and implementation management, as well as client service management, market development and operations to ensure clients get the right solutions to address their needs.

SCB was named the “Best Foreign Bank in Viet Nam” for three consecutive years, including by the Global Banking and Finance Review in 2014 and 2015, and by Global Business Outlook in 2016. — VNS