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StanChart Wins ING MF Mandate
Standard Chartered Bank India has won a fund accounting mandate from ING Mutual Fund, a vehicle of the ING Investment Management India.
Standard Chartered Bank India has won a fund accounting mandate from ING Mutual Fund, a vehicle of the ING Investment Management India, Business Standard reports. The mandate covers the single manager schemes of ING and will be effective from August 2011.
The mandate includes 15 schemes with about $230 million in assets under administration. Standard Chartered already offers custodian services to ING.
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