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StanChart executes first sustainable fiduciary deposit

News Team, 08/09/2023

Standard Chartered has executed its first sustainable fiduciary deposit, which it believes is also an industry first.

Through this, the bank can offer sustainable deposits to clients of its private banking customers.

The European private bank client deposited $100 million with Standard Chartered into the product which allows high net worth individuals to support environmental and social impact through the bank’s sustainable finance asset book.

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