DTCC opens Shanghai office
The move will support its global corporate actions business.
New York-based Depository Trust & Clearing Corporation (DTCC) has opened an office in Shanghai, its first in the Asia-Pacific region, in order to support its global corporate actions business.
The organization reviewed eight other regional cities but chose Shanghai for its educated labour pool, varied language ability, cost-effectiveness and quality of life. It is using facilities provided by consultancy Accenture, which also helped design the corporate actions service.
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