HSBC, StanChart to run JPMorgan's $500b custody business in HK, Taiwan

HSBC, StanChart to run JPMorgan's $500b custody business in HK, Taiwan

FILE PHOTO: A view of the exterior of the JP Morgan Chase & Co. corporate headquarters in New York City May 20, 2015. REUTERS/Mike Segar/File Photo

JPMorgan Chase has selected HSBC and Standard Chartered to operate its custody businesses in Hong Kong and Taiwan, with assets worth more than $500 billion, a spokesperson for the U.S. bank said.