Source: Clearstream
Clearstream, the International central securities depositary within the Deutsche Börse Group, is opening two new representative offices in Asia, in Singapore and in Tokyo, in order to better serve its growing number of Asian customers.
Both offices will report to Clearstream's headquarters in Asia and the Middle East based in Hong Kong and headed by Philippe Metoudi since 1992. They will complement Clearstream's international network of offices in Europe (Frankfurt, Luxembourg and London) the US (New York) and Asia (Hong Kong, Dubai).
Last November, Clearstream became the first international central securities depositary (ICSD) to offer settlement of interest bearing Japanese Government Bonds (JGBs) outside Japan. With over USD 7 trillion of securities in issuance, the Japanese government debt market is the largest in the World.
Jeff Tessler, CEO of Clearstream said, "Clearstream has been present in Hong Kong since 1992, servicing all Asian countries with a dedicated team. Today the opening of these two new offices in Tokyo and Singapore is yet another evidence of Clearstream's commitment to the Region."