Standard Chartered Agrees to Take Full Control of Zodia Custody
Edited by Steinar Vigdel Kolnes, Editor, Oslo
Standard Chartered has signed a deal for full ownership of Zodia Custody, with custody operations and technology services set to move into separate businesses.
Standard Chartered has reached an agreement to acquire full ownership of Zodia Custody, according to The Defiant.
Under the planned structure, Zodia’s custody operations will become part of the bank’s Securities Services business.
Software activities and professional services will move to Zodia Solutions under SC Ventures, separating those functions from the custody business.
Source: The Defiant
