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- Serangoon Depositary
Counterparty · Custodian
Serangoon Depositary
Serangoon Depositary is the Asia-Pacific custodian for the Singapore regional hub and holds client securities across eight Asian markets. The relationship dates from 2022, when the hub opened. At 30 June 2026 Serangoon safekept US$44 million of client assets for private-wealth families and institutions, and acted as settlement agent for the Quantitative Strategies desk in Singapore.
The relationship
Asian private-wealth clients want their assets held in the region, under a custodian regulated in Singapore, with reporting in Singapore dollars. Serangoon provides that, and also supports the cash sweep between the custody accounts and the group's Singapore treasury. Every instruction is checked against the mandate and the client receives a monthly statement direct from the custodian.
Services to IGUAKO and its clients
- Custody of securities across Asian markets
- Segregated client accounts with Singapore dollar reporting
- Settlement agency for the Singapore quantitative desk
- Cash sweep to the Singapore treasury
- Monthly statements direct to clients