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Standard Chartered signs deal to acquire 100% of Zodia Custody
Standard Chartered has signed definitive agreements to acquire 100% of Zodia Custody Limited, five months after Zodia’s shareholders and noteholders accepted the bank’s non-binding offer. The transaction remains subject to regulatory approvals and customary closing conditions, and its financial terms have not been disclosed. The acquiring entity is Standard Chartered I H Limited. Zodia owns regulated operating entities in Singapore, Hong Kong, Australia, the UAE, and Luxembourg.
If the deal closes, Zodia’s custody operations will become part of Standard Chartered’s Securities Services…
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