The new office serves international custody clients in Asia. This kind of business is an essential part of the financial "plumbing" underpinning global financial services.

SIX, Singapore
SIX, operator of the Swiss Exchange, aka SIX, has set up a team in Singapore to serve international custody customers in Asia, following its office opening in July last year.

After an exchange of information with the Monetary Authority of Singapore, SIX is now able to provide custodial services, the organisation said in a statement yesterday. 

The new team has begun working at the existing SIX location in Singapore, where SIX already provides stock exchange and financial data services. 

Lukas Conrad, regional head SIX SIS APAC, is leading the new team. He relocated to Singapore in mid-2021 after starting his career at SIX SIS in Zurich, where he has worked for the last five years as a senior relationship manager for international custody customers.

“The new team provides even more direct market access in Asia enabling us to offer relevant market know-how to Swiss and international customers,” Stephan Hänseler, head SIX SIS, said. “Furthermore, our expansion also provides the opportunity for Asia-based financial institutions to get access to all major markets across a broad range of asset classes with one contractual relationship.”