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Standard Chartered signs deal to acquire all of Zodia Custody
Standard Chartered has entered into binding agreements to take over all of Zodia Custody Limited, pending regulatory approvals and standard closing conditions. The financial details have not been revealed. Zodia holds regulated operations in Singapore, Hong Kong, Australia, the United Arab Emirates, and Luxembourg. Upon completion of the transaction, its custody operations will be integrated into Standard Chartered’s Securities Services unit. Its software and professional services segment will operate as a distinct entity under SC Ventures, named Zodia Solutions.
Standard Chartered will…
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