March 03, 2015 6:06 PM ET

Banks

Company Overview of Standard Chartered Bank

Company Overview

Standard Chartered Bank, together with subsidiaries, provides personal, private, and business banking services to individuals, small and medium-sized enterprises, corporate, and institutional customers in Asia, Africa, the Middle East, and internationally. Its personal banking services include savings and accounts products, loans, mortgages, credit cards, insurance, investments, and employee banking; and business banking services include cash management, trade services, securities services, equities, commodities, foreign exchange, capital markets, advisory and infrastructure finance, strategic finance group, structured trade finance and financing solutions, structured financing, and principa...

1 Basinghall Avenue

London,  EC2V 5DD

United Kingdom

Founded in 1853

86,640 Employees

Phone:

44 20 7885 8888

Fax:

44 20 7885 9999

Key Executives for Standard Chartered Bank

Deputy Group Chief Executive and Director
Age: 58
Head of External Communications
Global Head of Strategic Transformation, Retail Clients
Regional Head of Retail Clients for UAE, MENAP and Europe
Compensation as of Fiscal Year 2014.

Standard Chartered Bank Key Developments

Standard Chartered Bank Appoints Mahendra Gursahani as Managing Director and Chief Executive Officer for Malaysia

Standard Chartered Bank announced the appointment of Mahendra Gursahani as the Managing Director and Chief Executive Officer for Malaysia, with immediate effect. Mahendra would succeed the retiring Osman Morad.

Standard Chartered Bank Announces 4000 Job Cuts; Announces Departure of Executive Directors

Standard Chartered chief executive Peter Sands moved aggressively to reverse the Asia-focused bank's fortunes by closing the bulk of its global equities business and axing 4,000 jobs in retail banking. The lender said it was dismantling its stockbroking, equity research and equity listing desks worldwide, becoming one of the first global banks to get out of the equity capital markets business completely. The decision to close the loss-making division will lead to 200 job cuts, almost all in Asia. In its retail banking division, the bank said it has announced 2,000 job cuts in the last three months, and plans to axe a further 2,000 this year. The cuts would represent about 5% of the bank's 86,000 employees. The bank also announced the departure of chief risk officer Richard Goulding and Jan Verplancke, chief information officer. The company said both were retiring from the company and would stay until successors were appointed.

Clearstream International Appoints Standard Chartered Bank as Cash Correspondent Bank for Middle Eastern Currencies

Clearstream International has confirmed the appointment of Standard Chartered Bank as Cash Correspondent Bank (CCB) for Middle Eastern currencies. The bank will start to service transactions for Clearstream in Emirati Dirham, Bahraini Dinar and Omani Rial in the second quarter of 2015. This appointment of Standard Chartered Bank enables Clearstream to expand the range of its eligible settlement currencies to the Omani Rial.

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
July 4, 2014
Standard Chartered Bank SAL
 

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