Standard Chartered launches direct custody services in Egypt
Updated 8/14/2025 9:00:00 AM
Arab Finance: Standard Chartered has launched its direct custody services in Egypt, further expanding its global post-trade offering across the Middle East and North Africa (MENA), as per an emailed press release.
This launch builds on the bank’s successful rollout of its direct custody services in Saudi Arabia earlier this year, which reflects its broader strategy to extend its presence across high-growth, strategically important markets.
The service allows institutional clients to hold and manage a wide range of securities with greater efficiency, transparency, and security.
Operated through Standard Chartered Bank Egypt, the platform supports a wide range of securities, including equities, treasury bills, government bonds, and corporate bonds.
The services include safekeeping, settlements, and corporate actions, and can be delivered via various mediums, including through the bank’s globally renowned Straight2Bank (S2B) platform.
Commenting on the launch, Mohammed Gad, CEO of Standard Chartered Egypt, said: “This launch represents a key milestone in our efforts to strengthen Egypt’s financial infrastructure and expand investor access to the region. Egypt is a vital market for us, not only as a new BRICS member, but as a rising investment hub linking Africa, the Gulf, and beyond.”
“By introducing direct custody services from day one, we are providing our institutional clients with greater speed, transparency, and operational efficiency. Backed by our global platform and deep local expertise, this offering will help unlock capital flows into Egypt and support the growth of a more resilient, connected capital market,” he added.
For his part, Scott Dickinson, Regional Head of Financing and Securities Services AME, said: “Standard Chartered’s expanding custody footprint across the region underlines its commitment to supporting capital markets in key emerging economies. By improving investor access, raising service standards, and helping to attract long-term capital, the Bank continues to play a leading role in connecting global investment to opportunity across the MENA region.”
It is noteworthy that the custody service in Egypt is fully licensed by the Financial Regulatory Authority (FRA) and approved by the Central Bank of Egypt (CBE).
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