Staff Reporter
,
Singapore
Photo by Pixabay on Pexels
It will operate under a wholesale banking licence.
Euroclear Bank has obtained approval for a branch licence in Singapore.
The Singapore Euroclear Bank Branch will replace the previous representative office status and will operate under a wholesale banking licence.
The establishment of the Singapore branch aligns with Euroclear’s growth strategy of supporting the needs of its clients in the Asia-Pacific region.
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