Slaughter and May has been advising Standard Chartered on its proposed acquisition of RBC Investor & Treasury Services’ trustee and domestic asset services business in Hong Kong

Slaughter and May has been advising Standard Chartered on its proposed acquisition of the entire issued share capital of RBC Investor Services Trust Hong Kong Limited (RBCIST), a provider of trustee, fund administration, custody and other related services to certain retirement and other funds - including occupational retirement schemes and mandatory provident fund schemes – based in Hong Kong. The transaction will further enhance Standard Chartered Hong Kong’s client base and significantly expand its securities services capabilities.

A definitive sale agreement has been signed and completion is expected to occur in the first half of 2023, subject to regulatory approvals and certain other closing conditions.

Slaughter and May has been supporting the internal legal team at Standard Chartered on the transaction.