Tag: Standard Chartered

Retail Asia12/05/2023
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Standard Chartered has reduced Vietnam’s GDP growth forecast for this year by 0.7 percentage points to 6.5%. In a release Thursday the British bank said it amended the forecast it had made in January of 7.2% growth after considering external factors more carefully with Vietnam’s macro indicators slowing down in the last four months. Exports […]

Retail Asia08/06/2021
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Standard Chartered has lost a managing director and senior private banker in Hong Kong. Phoebe Chow has left Standard Chartered Private Bank, sources said after more than four years with the British lender. When contacted, a spokesperson for the bank declined to comment on the exit. Chow joined Standard Chartered Private Bank in 2017 to oversee […]

Retail Asia29/04/2021
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Standard Chartered bank is reportedly considering slashing office space in the Singapore business district, where it occupies 21 floors at Marina Bay Financial Centre Tower 1. While plans are under discussion and subject to change, sources told «Bloomberg» that the bank is weighing several options, including cutting 80,000 square feet, or four floors of offices. […]

Retail Asia12/04/2021
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The bank is doubling down on its commitment to the payments industry with its investment in a global cross-border payments platform. SC Ventures, the innovation, ventures and fintech investments unit of Standard Chartered bank, has made a strategic investment in Ireland-based CurrencyFair, it announced in a statement. As a result of the investment, CurrencyFair will […]

Retail Asia11/03/2021
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The bank will offer integrated front-to-back office investment management solutions to mutual clients across Asia, Africa, and the Middle East on the Aladdin platform. Standard Chartered has become the latest bank to ink a strategic partnership with BlackRock’s «Aladdin» provider network, a platform that helps assets managers check risk in their portfolios, trade, manage data management, and […]

Retail Asia05/02/2021
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The bank has made a pair of Singapore-based senior appointments to its Corporate, Commercial and Institutional Banking (CCIB) segment as it increases its focuses on growing this business. Former regional head of client coverage, CCIB, ASEAN and South Asia, Chow Wan Thonh, has been named global head of the bank’s Global Industries Group, Standard Chartered announced in a statement […]

Retail Asia12/01/2021
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Standard Chartered promotes a 25-year financial markets veteran internally to become its chief investment officer based in Singapore, according to an internal memo. Standard Chartered appoints Steve Brice as its new chief investment officer, according to an internal memo, as well as head of the discretionary portfolio management division. He will lead 25 investment professionals […]

Retail Asia14/12/2020
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The recognition comes on the back of the U.K.-Singapore Free Trade Agreement, signed on Thursday. The Monetary Authority of Singapore (MAS) has granted Standard Chartered Bank (Singapore) enhanced Significantly Rooted Foreign Bank (SRFB) privileges, in recognition of the significantly higher degree of rootedness that exceeds the SRFB baseline criteria. As part of the U.K.-Singapore FTA, Standard […]

Retail Asia05/10/2020
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Announced in March, the Financing and Securities Services (FSS) unit brings together Securities Services (previously under Transaction Banking) and Portfolio Risk Management in the Financial Markets business. Standard Chartered Bank on Thursday named its FSS management team, who will support Singapore-based co-heads Margaret Harwood-Jones and Emmanuel Ramambason. Members of the FSS senior management team include: Francois Verlaine – Regional Head, […]

Retail Asia13/08/2020
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As its preferred cloud platform provider, Microsoft will help the bank make its vision for virtual banking, next-generation payments, open banking and banking-as-a-service a reality. Standard Chartered has established a three-year strategic partnership with Microsoft to accelerate its digital transformation through a cloud-first strategy, according to an announcement on Tuesday. As part of the partnership, Standard Chartered will […]

Retail Asia24/07/2020
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The bank’s ventures and innovation platform is reportedly building a crypto custody offering for the institutional market, with a pilot planned for later this year. SC Ventures developing a venture to meet the demands of institutional investors for an end-to-end institutional-grade custodian of digital assets, which meets regulatory standards, Alex Manson its Singapore-based global head, told Coindesk earlier this […]

Retail Asia15/07/2020
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Assets under management within recommended healthcare funds surged at Standard Chartered Private Bank as part of a broader trend of increasing adoption in sustainable investing. Recommended healthcare fund AUMs surged 50 percent year-on-year, according to a recent Standard Chartered report, despite market volatility. Driven by the pandemic, this was in line with the growing demand […]

Retail Asia19/06/2020
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A Singapore-based banker was surprised to be asked highly personal questions when he applied for a job at the U.K. lender. Standard Chartered’s reasoning is unconventional. The London-based bank’s procedure for job applicants is pretty standard: an employment portal with listings for hundreds of job vacancies. Standard Chartered, which employs roughly 75,000 people overall, has a strong presence […]

Retail Asia19/06/2020
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Energy trader Winson Oil Trading is seeking damages from Standard Chartered for failed payments over a diesel cargo sold to Hin Leong Trading. The Hin Leong debacle continues to unravel with Winson Oil filing the latest case to seek damages, interest and costs – at least $30.4 million – from Standard Chartered, according to court documents. […]

Retail Asia05/06/2020
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Standard Chartered’s digital banking and investment platforms have been given a boost by the Covid-19 pandemic, as digital adoption rates in Singapore hit historic highs in the first four months of 2020. Digital sign-up for credit cards growing by 71 percent year-on-year, while wealth and investment-related transactions more than doubled during the same period. The number […]

Retail Asia30/03/2020
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The new Financing and Securities Services unit brings together Securities Services (currently under Transaction Banking) and Portfolio Risk Management in the Financial Markets business. Standard Chartered Bank has appointed Margaret Harwood-Jones, currently global head of Securities Services, and Emmanuel Ramambason, now global head of Portfolio Risk Management, as co-heads of its new Financing and Securities Services unit. Harwood-Jones […]

Retail Asia13/03/2020
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Standard Chartered has released details of its virtual bank in Hong Kong, set to be launched later this year in partnership with PCCW, Hong Kong Telecom (HKT) and Trip.com. The Mox virtual bank will offer customers a suite of retail banking services, as well as travel, entertainment and mobile products from one platform. According to […]


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