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Regulation Neutral

Standard Chartered signs definitive deal to acquire Zodia Custody

Standard Chartered signed definitive agreements to acquire 100% of Zodia Custody UK Limited, the parent of Zodia's regulated entities in Singapore, Hong Kong, Australia, Luxembourg and the United Arab Emirates.

  • Standard Chartered signed definitive agreements to acquire 100% of Zodia Custody UK Limited, subject to regulatory approvals and closing conditions.
  • The signing follows Zodia shareholders' acceptance of Standard Chartered's non-binding offer in May.
  • Zodia's regulated custody operations would be integrated into Standard Chartered's Securities Services division.
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