Citi, HSBC, StanChart in race for JPMorgan's $500b custody business in HK & Taiwan

Citi, HSBC, StanChart in race for JPMorgan's $500b custody business in HK & Taiwan

JPMorgan Chase is implementing artificial intelligence throughout the company, from fraud detection to customizing its online portal for analyst reports. © Reuters

JPMorgan Chase is set to outsource the operations of its local custody business in Hong Kong and Taiwan with Citigroup, HSBC and Standard Chartered in the race for the mandate, two sources with knowledge of the matter said.

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