Swift, KSD discuss cross-border funds efficiency
Swift, the messaging and standards cooperative for financial institutions and corporations, is opening a Seoul office and is keen to help local distributors automate sales of overseas funds.
Swift, the Brussels-based cooperative of banks, securities brokers and investment managers, is in discussions with the Korea Securities Depository (KSD) regarding ways to help it extend its settlement platform to overseas investments.The group is planning to open an office in Seoul this year as well, having expanded bricks-and-mortar to other regional centres such as Mumbai and Shanghai last year. Since Lazaro Compos became SwiftÆs global CEO last year, the organisation has sought to …
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