Infographic: The rise of the African and Asian consumer
The spending habits of emerging-market consumers are changing, but to what? View our infographic to find out
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Standard Chartered appoints Andrew Halford as Group Finance Director
The Board of Directors (the “Board”) of Standard Chartered PLC (the “Company”) today announce the appointment of Andrew Nigel Halford (“Andy”), age 55, to the Board as Group Finance Director and Group Executive Director. In line with the Board’s announcement on 9 January 2014, Richard Meddings will step down from the Board with effect from 30...
Renminbi Globalisation Index up in March on cross-border payments
Standard Chartered today announced that the Standard Chartered Renminbi Globalisation Index (Bloomberg: SCGRRGI <index>), or the RGI, reached a new high of 1,736 in March, up 9.4% from the previous month and 91.1% year-on-year, despite slowing China growth and FX uncertainties. The increase was broad-based, led by rising Renminbi deposits in Hong Kong and Taiwan,...
Standard Chartered leads expert briefings on RMB usage and treasury management
As part of the Eurofinance Offshore RMB Corporate Treasury Network (ECTN), Standard Chartered and EuroFinance conducted a series of expert briefings for corporate treasurers on the latest developments and initiatives around renminbi (RMB) usage and treasury management. Treasury professionals from Europe, the Middle East, Africa, Asia and the Americas participated in the webinars. The offshore RMB group consists...
Standard Chartered appoints Tom Willett as new Global Head of M&A
Standard Chartered has appointed Tom Willett as the Bank’s Global Head of Mergers and Acquisitions (M&A). This appointment is effective 1 June 2014. Tom takes over from Andrew Suckling who will be taking a 12 month sabbatical. Tom joined Standard Chartered in 2012 as the Bank’s Head of M&A for Europe. Prior to joining the...
We’ve appointed a CEO for ASEAN markets
To maximise opportunities in key growth regions, the Bank has recently implemented a new structure of eight specific regions: ASEAN, Greater China, North East Asia, MENAP, South Asia, Africa, Europe and the Americas. As CEO ASEAN, Cheng Teck will be responsible for delivering the refreshed and sharpened strategy to realise the growth and return aspirations...
Special report: Global trade unbundled
Global trade patterns have changed dramatically in the last two decades. Emerging markets now account for 42% of world exports, up from 19% in 1990, or 52% excluding intra-EU trade. Asia has firmly established itself as the centre of the “made in the world” vertical global supply chain, with China emerging as a mega-trader. Trade...
We’ve appointed Karin Flinspach as Head of Cash Products
Standard Chartered has appointed Karin Flinspach as Head of Cash Products, Transaction Banking. Karin will be based in Singapore and report to George Nast, Global Head, Product Management, Transaction Banking. In this role, Karin will be responsible for leading the Bank’s cash capabilities in liquidity products, payables and cash collections. As Head of Cash Products,...
Renminbi Globalisation Index Up 6.8% despite volatile CNY
Standard Chartered announced that the Standard Chartered Renminbi Globalisation Index (Bloomberg: SCGRRGI <index>), or the RGI, rose to a new high of 1,586 in February, up 6.8% from the previous month and 86.5% year-on-year. The February increase was broad-based, led by rising offshore deposits and cross-border Renminbi payments. Despite the recent shake-out of one-sided Renminbi appreciation,...
MR & RQFII: China’s catalytic converters
An investment in China isn’t just a bet on growth. It’s also an investment in change. The mutual recognition (MR) scheme for Chinese and Hong Kong-domiciled funds will debut soon, adding its opportunities to a menu of cross-border access programmes and drawing particular attention to the Hong Kong-Mainland nexus. New flows of funds, moving through...
Standard Chartered launches 2013 Sustainability Review
Today, Standard Chartered launches its 2013 Sustainability Review, which captures the progress and commitments that we have made in supporting social and economic development across the markets in which we operate. Sustainability is integrated in how we do business, guiding everything we do from the services we provide, to the way we run our bank...
Global Focus: Transition – The rewards are worth the risks
Standard Chartered has today published its quarterly Global Focus. The report highlights that a number of the world’s economies are in a phase of much-needed transition as they move to achieve more balanced and sustainable growth. Transition will bring elevated risks and volatility, as well as higher growth rates. It takes various forms in different...
Standard Chartered PLC announces Board changes
Following the announcement on 29 November 2013 that Jamie Dundas and Rudy Markham will step down from the Board as independent Non-Executive Directors in 2014, the Board confirms, in line with LR 9.6.12, that the effective date of their resignations will be 1 May 2014. Lars Thunell who joined the Board as an independent Non-Executive...
We kick-off week of activity with Liverpool FC to tackle avoidable blindness
Liverpool FC and Standard Chartered are today kicking-off a week of activity to support Standard Chartered’s global charitable initiative Seeing is Believing, which aims to tackle avoidable blindness. The highlight of the week will be the match against Tottenham Hotspur FC on Sunday 30 March, where Liverpool FC will replace the Standard Chartered logo on...
Kenya is our first African market to offer Islamic Banking
Standard Chartered Bank today marked yet another milestone in the endeavour to offer cutting edge banking services to its customers by launching its Islamic banking offering under the brand name of Saadiq. With this launch Kenya becomes the first market for Standard Chartered’s African footprint for Islamic banking. “Saadiq” – which means Truthful in Arabic...
We’ve added New York to our Renminbi Globalisation Index
Standard Chartered announced that the Standard Chartered Renminbi Globalisation Index (Bloomberg: SCGRRGI <index>), or the RGI, rose to 1,475 in January, up 8.5% from the previous month driven by the inclusion of New York as our fifth RGI centre, strong deposit growth in Hong Kong and Taiwan, coupled with resilient performance in Dim Sum bonds...
We’ve added New York as a fifth Renminbi Globalisation Index Centre
In recognition of its rising RMB payment flows, CNH FX turnover Standard Chartered announced that the Standard Chartered Renminbi Globalisation Index (Bloomberg: SCGRRGI), or the RGI, rose to 1,475 in January, up 8.5% from the previous month driven by the inclusion of New York as our fifth RGI centre, strong deposit growth in Hong Kong...
Full Year 2013 income and profits lower in challenging market conditions
Full Year 2013 income and profits lower in challenging market conditions. Significant actions announced in 2013 to deliver future growth and capital accretion. Operating income was down 1 per cent to US$18,671 million (2012: US$18,783 million) in line with pre-close 25 markets delivered more than US$100 million in income; 17 more than US$100 million in profits...
Standard Chartered appoints Group Head of Brand and Chief Marketing Officer
Standard Chartered has appointed Sanjeeb Chaudhuri to the newly created role of Group Head of Brand and Chief Marketing Officer. This appointment is effective 1 April 2014. In his new role, Sanjeeb will oversee all brand and marketing teams across the Group, and take overall responsibility for developing a singular, cohesive brand strategy. This will...
We’ve recently closed a multi-million dollar deal with Cebu Air
Standard Chartered Bank has closed a multi-million dollar finance lease transaction for two Airbus 320-200 aircraft with Cebu Air, Inc (PSE:CEB), the Philippines’ leading low-cost carrier. The 10-year financing facilities for the aircraft were arranged and funded exclusively by Standard Chartered. The two aircraft were delivered just one month apart, in December 2013 and January...
First non-quota based RMB two-way cross-border sweeping transaction with Baoxin group
First transaction after PBoC Circular on RMB cross-border business which allows banks to approve two way cross border sweeps without quota restrictions and PBOC sign off Standard Chartered Bank (China) Limited (“Standard Chartered China”) today announced that it has approved the first non-quota-based RMB denominated two-way cross border sweeping transaction for Baoxin Auto Group Limited...