Standard Chartered Moves To Take Full Control Of Zodia Custody
Summary
Standard Chartered signed definitive agreements to acquire all of Zodia Custody, subject to regulatory approval and customary closing conditions. The bank plans to integrate Zodia’s regulated custody operations into its Securities Services business, while separating its software and professional-services operations into Zodia Solutions under SC Ventures, with existing institutional backers involved. Standard Chartered says custody clients should face no disruption during the process.
